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Indonesia, EU plan bilateral FTA talks
(MENAFN) According to Indonesian officials, the country and the European Union (EU) are set to negotiate over a plan to engage in free trade agreement between the two nations, Xinhua reported.
The biggest Islamic country expects a free trade agreement between the two sides to facilitate opening and securing market access for the country's certain export commodities in Europe.
Europe is one of Indonesia's biggest markets for crude palm oil, but the import tariff for the Indonesia's export commodity remains as high as 7 percent, according to the director general.
"There is a plan of initial meeting between senior officials from industry ministry and trade ministry, and officials from the European Union in September," director general for international access development said.
The biggest Islamic country expects a free trade agreement between the two sides to facilitate opening and securing market access for the country's certain export commodities in Europe.
Europe is one of Indonesia's biggest markets for crude palm oil, but the import tariff for the Indonesia's export commodity remains as high as 7 percent, according to the director general.
"There is a plan of initial meeting between senior officials from industry ministry and trade ministry, and officials from the European Union in September," director general for international access development said.
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