Indonesia, Chile resume CEPA negotiations

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

Both governments hope that the 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 negotiations director general of the Indonesian Trade Ministry, said CEPA negotiations are important for Indonesia’s trade to penetrate the Latin American market.

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

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

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