Coordinating Minister for Economic Affairs, Airlangga Hartarto, has reiterated Indonesia's commitment to promptly completing negotiations on its comprehensive economic partnership agreement (CEPA) with the European Union. "There is an urgency for Indonesia and the European Union to immediately complete the negotiation process, which will present a new opportunity for Indonesia and EU member states to increase trade and investment volumes," he said during a virtual meeting with EU Trade Commissioner, Maros Sefcovic.With the signing of the IEU-CEPA, it is hoped that economic cooperation between Indonesia and the EU will grow closer, providing mutual benefits for both parties as they face increasingly dynamic global challenges.Meanwhile, Commissioner Sefcovic emphasized the importance of maintaining momentum in discussing a realistic timeframe for completing the IEU-CEPA negotiations that is acceptable to both parties. In this regard, the EU bloc also expressed its commitment to complete the IEU-CEPA negotiations in the first half of 2025. Nineteen rounds of the IEU-CEPA negotiations have been carried out over the last nine years.The IEU-CEPA is a comprehensive bilateral trade agreement between Indonesia and its partner countries in the European Union. In general, the agreement has three main pillars: market access for trade in goods and services, investment and public procurement, and the harmonization of trade regulations, as well as cooperation and capacity building.Source:https://en.antaranews.com/news/345077/hartarto-stresses-urgent-need-to-wrap-up-cepa-talks-with-eu?utm_source=antaranews&utm_medium=desktop&utm_campaign=top_news  (ICE GIACARTA)

Fonte notizia: ANTARA NEWS, 16 February 2025