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View all search resultsBulgaria has finally completed its full integration into the euro area, a journey that began with its membership of the European Union in 2007. What does the full integration mean for this nature-rich, beautiful country in the Balkans, which borders the Black Sea, and how can this benefit Indonesia?
While EU authorities would deny that protectionism is the main motive and would point instead to what they deem to be unfair trade practices on Indonesia’s part, the duties in effect protect EU-based steelmakers and rapeseed biodiesel producers.
The administration of President Prabowo Subianto has secured multiple trade agreements in its maiden year, partly thanks to the global pressure of an increasingly protectionist United States, but in bilateral talks with the US itself, Indonesia gave much and got little.
Trump’s sweeping tariffs have arguably spurred both regions into action, with governments quickly realizing the need to secure reliable and long-lasting trade partnerships amid rising protectionism and shifting alliances.
With the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, Indonesia became the first Southeast Asian nation to have such a trade deal with Canada amid the United States’ transformation of its trade ties
Duty-free access to the European Union market is supposed to help Indonesian micro, small and medium enterprises (MSMEs), but trade associations doubt it will be a panacea for boosting exports without tackling costs, compliance and capacity.
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