US EditionIndonesia expects to conclude free trade talks with EU by end of June
- Negotiations between Indonesia and the European Union on an economic cooperation agreement aimed at easing trade restrictions are anticipated to be finalized this month.
- Negotiations began in 2016 and accelerated recently due to Indonesia's need to diversify exports amid US tariff challenges and EU trade rules concerns.
- Indonesia’s coordinating minister for economic affairs, Airlangga Hartarto, announced on June 7 that the negotiations have reached their final stage, with nearly all issues, including tariff cuts, having been addressed.
- Bilateral trade between the EU and Indonesia reached $30.1 billion last year, with Indonesia maintaining a $4.5 billion trade surplus, and the EU will give Indonesia special export treatment.
- Concluding the agreement is expected to enhance Indonesia's access to the European market and strengthen its trade partnership with the EU amid uncertain global economic conditions.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
All
Left
3
Center
2
Right
3
EU free trade talks to wrap up this month, says Indonesian minister
JAKARTA, Indonesia — Indonesia and the European Union are expected to conclude talks over an economic cooperation deal that will relax trade barriers this month. Jakarta’s top economic minister said so on Saturday. Southeast Asia’s largest economy and the 27-member European bloc have been negotiating since 2016. The goal is to strike a deal that is
·Manila, Philippines
Read Full Article
Both parties have been negotiating this trade agreement since 2016 but have accelerated in recent weeks with the introduction of US customs duties. It will be concluded this month, according to the Minister of Economy of Jakarta.
·Paris, France
Read Full Article
Coverage Details
Total News Sources16
Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 38% Right
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
38% Right
L 38%
C 25%
R 38%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
