ISDS Case Map
Indonesia
Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and Muhammad Lutfi, Indonesia’s Minister of Trade, announced that Canada and Indonesia will begin negotiations on a Comprehensive Economic Partnership Agreement (CEPA).
The Indo-Pacific region will be the new “center of gravity” for the 21st century, the European Union’s foreign policy chief Josep Borrell exclaimed, as he kicked off his visit to Jakarta this week amid lasting tensions on palm oil.
The BIT serves as a prime modern example of investment treaties which seek to rebalance the distribution of rights between host States and investors.
Bangladesh and Indonesia on Thursday stressed early signing of Preferential Trade Agreement (PTA) within the ambit of which potential export items from both countries would be allowed to enter duty free, reports UNB.
Indonesia and Iran highlighted the need to finalize a trade agreement between the two countries during the visit of Iranian Foreign Minister Mohammad Javad Zarif to Jakarta on Monday.
The House of Representatives has recently approved a draft trade deal with the four-member EFTA that is expected to facilitate foreign investment and liberalize trade in goods and services, particularly commodities such as palm oil and raw metals.
Indonesia is one short step away from having its first trade agreement with European countries after legislators approved a bill over a deal between Indonesia and the European Free Trade Association (EFTA).
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.
If Indonesia only focuses on the formal process in palm oil international trade, it may still lose the battle of public opinion that may risk its markets and consumers worldwide.
Besides protection and dispute settlement, the BIT also includes several key changes in terms of application and restriction.
