EFTA and Indonesia hold 15th round of negotiations on a Comprehensive Economic Partnership Agreement

A one-day seminar on customs issues was held in the fringes of the round, focusing on issues pertaining to proofs of origin and verification procedures.

Agreement has been reached on the chapters Trade and Sustainable Development, Government Procurement, and Investment. Progress was achieved in all the remaining areas, and corresponding follow-up work has been agreed.

Negotiations towards a CEPA were launched in 2010, with the first round held in Jakarta.

Merchandise trade between EFTA and Indonesia amounted to USD 2.3 billion in 2017. The EFTA States exported goods worth USD 597 million, with the leading exports being machinery and mechanical appliances, pharmaceutical products and mineral fuels. EFTA imported goods worth USD 1.7 billion in 2017, with gold as the most significant import, followed by footwear and electrical machinery.