Category Uncategorised

As one of the largest economies in Southeast Asia, Indonesia has been actively pursuing free trade agreements (FTAs) in order to boost its trade and investment opportunities. In recent years, Indonesia has signed several FTAs with countries around the world, which have opened up new markets for Indonesian exports.

The following is a list of the major FTAs that Indonesia has signed:

1. ASEAN Free Trade Area (AFTA): Indonesia is a member of the Association of Southeast Asian Nations (ASEAN) and is part of the AFTA agreement, which aims to eliminate tariffs on goods traded within the region. This agreement has helped to increase trade between member countries and has provided a boost to the economies of ASEAN countries.

2. Indonesia-China Comprehensive Economic Partnership Agreement (CEPA): The CEPA agreement was signed in 2010 and aims to increase trade between Indonesia and China by reducing tariffs and non-tariff barriers. This agreement has helped to strengthen the economic ties between the two countries and has provided new opportunities for Indonesian exporters.

3. Indonesia-Japan Economic Partnership Agreement (IJEPA): The IJEPA agreement was signed in 2007 and aims to promote trade and investment between Indonesia and Japan. This agreement has helped to increase trade between the two countries and has provided opportunities for Indonesian businesses to expand into the Japanese market.

4. Indonesia-Korea Comprehensive Economic Partnership Agreement (IKCEPA): The IKCEPA agreement was signed in 2009 and aims to promote trade and investment between Indonesia and South Korea. This agreement has helped to increase trade between the two countries and has provided opportunities for Indonesian businesses to expand into the Korean market.

5. Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA): The IA-CEPA agreement was signed in 2019 and aims to promote trade and investment between Indonesia and Australia by reducing tariffs and non-tariff barriers. This agreement has helped to strengthen the economic ties between the two countries and has provided new opportunities for Indonesian exporters.

In addition to these major FTAs, Indonesia has also signed several other agreements with countries such as Chile, India, and the European Free Trade Association (EFTA). These agreements have helped to increase Indonesia`s access to new markets and have provided opportunities for Indonesian businesses to expand their operations.

In conclusion, Indonesia`s pursuit of free trade agreements has helped to strengthen its economic ties with other countries and has provided new opportunities for Indonesian businesses to expand into new markets. With the signing of these agreements, Indonesia is well positioned to continue to grow its economy and increase its global competitiveness.