Klinik Farma – The total bilateral trade between Indonesia and the European Union will reach US$33.16 billion in 2022. This figure increased by 14% of the total trade between the two countries in 2021. Meanwhile, the value of foreign investment (PMA) from the European Union increased by 87% (YoY) in the first quarter of 2023.
Coordinating Minister for Economy Airlangga Hartarto expressed his gratitude to the European Union Ambassador to Indonesia Vincent Piket for his contribution to strengthening relations between Indonesia and the European Union and expressed his hope that this cooperation can continue to develop in the future, where there is still great potential that can be developed and used by both parties.
This was stated by Airlangga Coordinating Minister during the visit of Vincent Piquet on Tuesday (August 15, 2023). Ambassador Vincent’s visit this time was a moment of farewell and appreciation for the cooperation and cooperation that was well established during his stay in Indonesia.
Ambassador Piket also thanked Coordinating Minister Airlangge for his support in enhancing bilateral economic cooperation between Indonesia and the European Union. “I thank you for your cooperation and harmonious relations, especially for Pak Airlanga’s leadership in pursuing a policy of economic cooperation with the European Union. Coordinating Minister Airlangga is also always ready and open for dialogue on various issues of economic cooperation related to bilateral economic relations,” said Ambassador Piket.
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Also, on this occasion, Coordinating Minister Airlangga stressed his commitment to further accelerate the completion of the Indonesia-EU Comprehensive Economic Partnership (IEU-CEPA) negotiations. Coordinating Minister Airlangga stressed that the IEU-CEPA is an important tool to improve market access and competitiveness of Indonesian products in the European Union market. The Coordinating Minister also stated that he will continue to remain optimistic and realistic in achieving common goals that will benefit both parties. XM.4.6/286/SET.M.ECO.3/02/2023
“The two heads of state have expressed their commitment to completing the IEU-CEPA negotiations by the end of this year or early 2024 at the latest. Both parties need to take creative and flexible steps to strike a balance in a negotiation agreement. “, – stressed the Minister Coordinator of Airlangga.
In addition, Ambassador Piket and Coordinating Minister Airlangga welcomed the progress of the first meeting of the Joint Working Group on the EU Deforestation Regulation (EUDR), which took place earlier this month. They both agreed that this collaboration is important to ensure the sustainability of supply chains for strategic commodities such as palm oil, coffee, rubber, timber and cocoa.
At the end of the meeting, Ambassador Piket expressed support for Indonesia’s planned entry into the Organization for Economic Co-operation and Development (OECD). The Ambassador hopes that this process will help Indonesia improve the quality of public policy and governance.
Ambassador Vincent Piket, who has served as EU Ambassador to Indonesia and Brunei Darussalam since 2019, will expire at the end of August 2023. He will be replaced by Ambassador Denis Chaibi, who is currently the EU Ambassador to Sri Lanka and the Maldives.
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