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Jakarta Post

Indonesia-EFTA: Step toward Euro market

  • Lili Yan Ing

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PREMIUM
Jakarta   /   Mon, December 17, 2018   /  11:13 am
Indonesia-EFTA: Step toward Euro market Soemadi D.M. Brotodiningrat, head of the Indonesian delegate in the 11th of negotiation of the Comprehensive Economic Partnership Agreement (CEPA) with the European Free Trade Association (EFTA) shakes hands with Markus Schlagenhof of Switzerland in September, 2016. (Courtesy of/efta.int)

After almost eight years since the first round the negotiations started in January 2011, the Indonesia-EFTA Comprehensive Economic Partnership Agreement (CEPA) concluded in November 2018 and was signed in Jakarta on Dec. 16. 

The European Free Trade Association (EFTA) comprises Switzerland, Norway, Liechtenstein and Iceland. All four member states participate in the European Single Market and are also part of the Schengen Area. However, EFTA countries are not members of the European Union Customs Union. 

The Indonesia-EFTA CEPA covers trade in goods and services, investment, government procurement, rules of origin and trade facilitation, the TBT and SPS, trade remedies, intellectual property rights (IPR), trade and Sustainable Development Goals, cooperation and capacity building, competition and legal matters. 

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