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Jakarta Post

RI-Chile CEPA to open gateway to Latin America

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Wed, June 12 2019   /  01:18 am

The country is seeking wider access to the Latin American market as it is set to ratify the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA), which will be the first trade agreement Indonesia has ever signed with a Latin American country. Trade Minister Enggartiasto Lukita exchanged on Tuesday an instrument of ratification (IoR) of the agreement with vice minister for trade at the Foreign Ministry, Rodrigo Yáñez Benítez. The exchange kickstarts with a 60-day period until Aug. 10, when the IC-CEPA will come into force in both countries. Latin America has become of strong interest amid Indonesia’s efforts to increase trade with nontraditional partners, as the latter seeks to diversify exports with its two main export destinations — China and the United States, which are waging a trade war against each other. “Both of us have agreed that with the IC-CEPA, Chil...