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Jakarta Post

House approves Indonesia-EFTA trade deal

The Jakarta Post Image
Trade Minister Muhammad Lutfi speaks before the House after legislators approved a bill on the Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) in Jakarta on Friday.(Courtesy of Trade Ministry/.)
Eisya A. Eloksari
Jakarta   ●   Sat, April 10, 2021

Indonesia is one short step away from having its first trade agreement with European countries after legislators approved a bill over a deal between Indonesia and the European Free Trade Association (EFTA).

The House of Representatives approved on Friday the draft for the Comprehensive Economic Partnership Agreement (IE-CEPA) between Indonesia and the EFTA, which comprises Iceland, Lichtenstein, Norway and Switzerland.

The legislation is now pending a signature from President Joko “Jokowi” Widodo that would immediately make the IE-CEPA come into effect. The President very rarely rejects bills approved by the house.

“We ask all members again, do we agree to turn the bill over the [IE-CEPA] into law?” said House Deputy Speaker Sufmi Dasco Ahmad, who knocked his mallet after hearing a re...

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