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View all search resultsBudi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.
Delaying the implementation of the European Union’s deforestation-free rule for imported products may provide more time for negotiations between Indonesia and the EU on a free trade agreement but will do little to bridge the remaining divides between the two parties, analysts say.
The Jakarta Post’s Ruth Dea Juwita sat down with EU-ASEAN Business Council executive director Chris Humphrey during his visit to Jakarta on May 15 to talk about progress on trade negotiations and about business strategies for navigating Indonesian rules on local content and imports as well as the EU’s regulation on deforestation (EUDR).
Seeking to avoid the fiasco of finalizing negotiations during next year’s elections in Indonesia, the European Union wants to conclude trade negotiations by the end of this year, while its more controversial deforestation policy, which could hammer Indonesia’s palm oil industry, continues to cast a heavy pall in Jakarta.
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