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View all search resultsAs Cyprus takes over the rotating presidency of the Council of the European Union, it seeks to navigate a volatile geopolitical landscape by bolstering “strategic autonomy” while offering partners stability and predictability.
EU Ambassador to Indonesia and Brunei Darussalam Denis Chaibi sat down with The Jakarta Post’s M. Taufiqurrahman, Mark Lempp and Deni Ghifari on Friday to discuss what’s next in the process and how it will change the trade landscape.
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.
Indonesia needs a binding national standard for human rights due diligence, ensuring that companies operating in forestry, energy and extractive sectors identify, prevent, and remediate human rights violations and environmental harm.
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.
Representing 40 percent of total plantation area, their challenges could limit the country’s ability to seize the export opportunities offered by the Comprehensive Economic Partnership Agreement (IEU-CEPA).
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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