The CEPA was signed in Jakarta on 16 December 2018.
Economic relations between the EFTA States and Indonesia
Merchandise trade between the EFTA States and Indonesia amounted to USD 1.8 billion in 2018. The EFTA States exported goods worth USD 706 million, with the leading exports being machinery and mechanical appliances (15%), mineral fuels (13%) and pharmaceutical products (11%). EFTA imported goods worth USD 1.1 billion in 2018, with gold as the most significant import (50%), followed by footwear (12%) and electrical machinery (6%).
EFTA as a trade partner
EFTA’s global network of preferential trade agreements outside the EU consists of 29 agreements with 40 partners. Seven joint declarations of cooperation complement this network. In 2018, over 13 percent of EFTA’s total exports went to these trade partners. They were the source of 11.1 percent of EFTA imports. Excluding trade with the EU, EFTA’s FTA network covered 29% of EFTA exports and EFTA imports respectively. In 2018, EFTA’s global trade accounted for USD 813 billion, out of which over two-third was conducted under preferential trade agreements.
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