EFTA and Indonesia take stock of negotiations on Comprehensive Economic Partnership Agreement

Published 14-05-2014
During a ninth round on 12 and 13 May 2014 in Surabaya, Indonesia, delegations from the EFTA States and Indonesia focused on a joint record summarising the state of advancement in the negotiating process.

The two sides welcomed the progress achieved so far in the negotiations on a Comprehensive Economic Partnership Agreement, including at meetings of several expert groups held since the last full round in October 2013.

In the context of the parliamentary and presidential elections taking place in Indonesia this year, delegations agreed on the need to take stock, in the form of a joint record, of the work done so far. This will serve as a basis for continuing the process after a new Indonesian Government is established in the second half of 2014.

EFTA’s team during the round was led by Ambassador Didier Chambovey from Switzerland, while Ambassador Soemadi D. M. Brotodiningrat headed the Indonesian delegation.

Two-way merchandise trade between the two sides amounted to USD 1.3 billion in 2013. EFTA’s main export categories to Indonesia are machinery and pharmaceuticals, while Indonesia primarily exports electric machinery, footwear and apparel to the EFTA markets. Investors from the EFTA States have a significant presence in Indonesia.