Asean-EU Expected to Overcome Campaign Black Palm

By : Hariyanto And Aldo Bella Putra | Monday, March 05 2018 - 21:00 IWST

Menteri Perdagangan Enggartiasto Lukita
Menteri Perdagangan Enggartiasto Lukita

INDUSTRY.co.id - Jakarta - The government declares that free trade agreement or Free Trade Agreement (FTA) between ASEAN and EU can overcome negative campaign of palm oil and contribute to develop UMKM.

Trade Minister Enggartiasto Lukita said this while leading the Indonesian Delegation to the 16th ASEAN Economic Ministers (AEM-EU) Trade Commissioner (16th AEM-EU) Trade Commissioner in Singapore, a written statement was received, in Jakarta, Sunday (4/3/2018).

Both sectors are important for Indonesia as the driving force of the national economy, the minister said.

"The FTA Agreement between ASEAN and the EU should contain programs that can advance the MSME sector the points of the FTA Agreement should also help counter the negative campaign of the palm oil sector," Enggartiasto said. The subject of the meeting was to strengthen the framework between the two regions. The consultations were also discussed on the implementation of the negotiations between ASEAN and EU parties.

"The implementation plan of the ASEAN-EU FTA negotiations still requires a proper and rigorous negotiation framework considering the differences in readiness and ambition of these two regions," said Enggartiasto.

ASEAN and EU cooperation is growing. This is evident from the increase in the value of trade and investment between the two areas that grow consistent. Based on statistical data from the EU, the value of ASEAN-EU trade reached 226.6 billion Euros in 2017, up 9.1 percent from a year earlier.

The EU is also the largest source of ASEAN Foreign Direct Investment (FDI) in 2016 with a value of 26.3 billion Euros.

Prior to the ASEAN and EU Consultations Meeting, Enggartiasto first held a bilateral meeting with the EU Trade Commissioner, Cecilia Malmstrm.

Both of them appreciated the agreed progress at the 4th round of the 4th Indonesia-European Union Comprehensive Partnership Agreement (I-EU CEPA) on 19-23 February 2018 in Surakarta, and specifically the EU promised to pay attention to the problem of Indonesian palm oil.

Indonesia also stressed the need for a common understanding between the two sides on new issues such as Trade and Sustainable Development. In addition, Enggartiasto underscores the importance of fair and equitable trade.

Both sides also agreed to support the ASEAN-EU FTA plan, and each party is expected to be flexible to narrow the gap.

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.