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Indonesia, EU discuss energy in CEPA talks
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The Trade Ministry’s director general in charge of international trade negotiations, Iman Pambagyo, addresses the Chilean delegation in negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in Jakarta on Aug. 22, 2017. (Courtesy of Trade Ministry/File)
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ndonesia and the European Union sat down for their fifth round of talks on the Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) in Brussels, Belgium from July 9-13.
The Trade Ministry’s international trade director general, Iman Pambagyo said the talks included not only the trade of goods, but also the trade of services, investments and other forms of cooperation.
“Perhaps, these talks with the EU will become one of the most modern trade agreements we have made, since the agreement will cover several issues that we have not addressed [specifically] on previous occasions," Iman said in a statement on Wednesday.
Among the specific issues being discussed were energy and raw materials (ERM). The ERM team is led by officials from the Energy and Mineral Resources Ministry, Prahoro Yulijanto Nurtjahjo and Yudo Dwinanda Priaadi.
Yudo said Indonesia expected to continue increasing added value to its export duty on minerals related to the raw materials issue.
"The discussion on the matter involves a number of different ministries, including the Energy and Mineral Resources Ministry, Trade Ministry, Industry Ministry and Finance Ministry," Yudo said.
Separately, Prahoro said during the talks that the Indonesian delegate emphasized the message to its European counterpart about improvements made by the Indonesian government, especially related to ease of doing business in Indonesia, ranging from streamlined regulations and simplified procedures.
The discussions on ERM are expected to be finalized by September this year. (dmr)
