InfoSAWIT, JAKARTA - European Union Deforestation Regulation (EUDR), as it is said, would be running in May 2023. It would have something to do with Indonesia - European Union Comprehensive Economic Partnership Agreement (IEU - CEPA).
As quoted from Coordinator Ministry in Economy Indonesian Republic, here are the cooperation progress of IEU - CEPA that ran in Bali (22/9/2022) to encourage negotiation accomplishment acceleration of I-EU CEPA to escalate the economic cooperation between Indonesia and European Union.
In the G20 Trade, Industry, and Investment Ministerial Meeting in Bali, Coordinator Minister in Economy, Airlangga Hartarto did bilateral meeting with Executive Vice-President Commissioner for Trade, Valdis Dombrovskis at Hotel Sofitel, Nusa Dua Bali Province.
In the meeting both parties came to a conclusion to encourage the accomplishment negotiation of I-EU CEPA.
For information, EU is one major trade partner for Indonesia but the bilateral trade and investment between the two did not reflect the real potential. The trade between Indonesia and EU in 2021 reached US$ 29,03 billion. It increased compared to 2020 that reached US$ 23,26 billion. In January - July 2022, the trade reached US$ 18,59 billion or increased 20% from the same period in the previous year that reached US$ 15,52 billion. That is why it is significant to accomplish negotiation acceleration of I-EU CEPA for it would encourage trade transaction and deliver advantages for Indonesia and the members of EU.
“The leaders from both parties have strong commitment to immediately accomplish every issue that obstacles I-EU CEPA negotiation namely in the technical level by involving many stakeholders,” Airlangga said, as in the official statement to InfoSAWIT.
The meeting also discussed about policy proposal by EU which runs through Green Deal Strategy, particularly about Deforestation Free Supply Chain (DFSC), proses trade barriers in World Trade Organization (WTO) and EU, Commodity Trade, and halal certification.
In that moment, Airlangga also emphasized that Indonesia observed what UE would do about the implementation of Green Deal Strategy and Carbon Border Adjustment Mechanism that would influence trade aspects among Indonesia and EU members, and its implementation.
The question remains, what about I-EU CEPA after EUDR implements? (T1)
