EU and Indonesia launch trade talks

 Trade Commissioner Cecilia Malmström and Indonesian Minister of Trade Tom Lembong have today agreed to launch the negotiations for a Free Trade Agreement between the EU and Indonesia with the aim to deepen and strengthen a key aspect of the bilateral relationship. The announcement follows today's decision by the EU Council to give the green light to the European Commission to open negotiations based on intense preparatory work in the last couple of months.

Commissioner Malmström and Minister Lembong jointly declared: "The EU and Indonesia represent a huge market of 750 million consumers. These negotiations are key to unleash synergies between our economies. Our trade relationship has enormous untapped potential. The EU - the world's largest trading block - and Indonesia - the largest player in the dynamic region of South-East Asia – have lots to gain from a deeper trade and investment relation. The Agreement holds a promise of new great opportunities for businesses and people in our countries. That is why we engage today with a firm resolve to make these talks succeed." Both sides agreed to negotiate an ambitious agreement that facilitates trade and investments and covers a broad range of issues, including customs duties and other barriers to trade, services and investment, access to public procurement markets, as well as competition rules and protection of intellectual property rights.

The agreement will also include a comprehensive chapter aiming to ensure that closer economic relations between the EU and Indonesia go hand in hand with environmental protection and social development. The first round of negotiations is expected to take place later in 2016. 

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