VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

EU – Indonesia export predicted to rise 18% in 2021 - EU Embassy 

The Comprehensive Economic Partnership Agreement between Indonesia and the European Union (IEU-CEPA), which is currently negotiated, will increase trade and investment, contributing to job creation and economic development in Indonesia. It was said by the The European Union Ambassador to Indonesia, Vincent Piket during a virtual working visit to Central Java on Tuesday (09/03). When asked by Voice of Indonesia on how IEU-CEPA will increase trade during this pandemic situation. 

"This year let's hope that we get the pandemic under control. If we do that, we expect that we will be able to recover quite a bit of the loss in trade last year so get back where we were two years ago. Not yet go back to increase in trade but recovery is the word and built for the future and that future is very good. I come back to the benefit of the CEPA Agreement. Our studies forecast that the export of Indonesia will go up by almost 18 percent thanks to the CEPA, for the EU the export will go up as well but not as high as that. So you see here, a good example of growth oriented trade agreement for both side but especially for Indonesia and we welcome that very much" Ambassador Piket explain that this year trade and investment are predicted to rise 18 percent for Indonesia, while the European Union will see lower increase.

Ambassador Piket added that last year the overall trade of EU-Indonesia lost 10 percent as a result of the pandemic with less demand, less consumption and less trade. Meanwhile, Indonesia palm oil import in to the EU market has experienced an increase during the pandemic. The EU continues to enhance its relations and cooperation with the Indonesian government. Previously, the business event to Maluku had taken place at the end of 2020 and after Central Java, the EU Delegation will visit the provincial governments of South Sumatra and East Kalimantan//NK-VOI