Indonesia, Chile resume CEPA negotiations

Indonesia and Chile have resumed negotiations for a comprehensive economic partnership agreement (CEPA) after two-year delay, reported Indonesian newspaper Jakarta Post.

Wednesday, March 15, 2017 20:47

Indonesia, Chile resume CEPA negotiations ảnh 1

Delegates from Indonesia and Chile attend the second round of discussions of the Indonesia-Chile Comprehensive Economic Partnership Agreement (CEPA). (Source: Trade Ministry of Indonesia)

Jakarta (VNA) – Indonesia andChile have resumed negotiations for a comprehensive economic partnershipagreement (CEPA) after two-year delay, reported Indonesian newspaper JakartaPost.

Both governments hope thatthe CEPA negotiations conclude this year.

The first round of the negotiations took place on May 23-24, 2014 in Santiago,Chile, but could not be followed up after the change in government.

Iman Pambagyo, international trade negotiationsdirector general of the Indonesian Trade Ministry, said CEPA negotiations are importantfor Indonesia’s trade to penetrate the Latin American market.

Indonesia aims to export more of its crudepalm oil, margarine, vegetable oil, rubber and furniture, along with itscurrent exports of footwear and automotive products to Chile.

Meanwhile, Chile’s main exports toIndonesia are copper and fishery feed. The Latin American country has signeddozens of free trade agreements with more than 60 countries and territories.-VNA

VNA

#Indonesia #Chile #CEPA negotiations

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