EU Hopes for Trade Pact with Indonesia within Two Years
It is feasible by mid-2024 to conclude a comprehensive economic partnership agreement, according to EU's trade commissioner.
JAKARTA, KOMPAS.com \- The European Union hopes to strike a free-trade agreement with Indonesia within two years despite disputes with Southeast Asia’s largest economy over palm oil and nickel, the bloc’s trade commissioner said Tuesday, Sept. 20. “We think it is feasible by mid-2024” to conclude a comprehensive economic partnership agreement, Valdis Dombrovskis told reporters in the Indonesian capital Jakarta. “We see there is some renewed momentum and we hope to build on that.” The two sides opened bilateral negotiations on a trade deal in 2016 but progress has been stalled over EU restricti...