Trade Ministry to continue EU-CEPA Negotiation and TPP Review
Ministry of Trade committed to continue negotiation and review of several international trade agreements to boost Indonesian exports.
Minister of Trade Thomas Trikasih Lembong said trade agreements that have big potential to elevate Indonesian exports are Comprehensive Economic Partnership Agreement (CEPA) with European Union (EU) and Trade Pacific Partnership (TPP).
"We will immediately continue negotiation with EU regarding CEPA and we will also establish inter-ministerial national task force to review TPP," said Thomas in his office, Jakarta, Monday (1/18/2016).
Moreoever, Indonesia will also study trade agreement with Australia and European Free Trade Association (EFTA) which consists of Swiss, Iceland, Norway and Liechtenstein.
"Improvement of exports through market expansion by negotiation and agreement," he added.
Tom explained EFTA has big potential as new market especially Swiss and Norway. Indonesia could export commodities like Cacao, Coffee, tea and spices to Swiss as the Alpine country has big food industry.
"Agriculture products are also prospective. For example, Norway has advance fishery industry. So if we have cooperation in fishery and renewable energy sectors, our exports to Europe will improve," he concluded.