Indonesia pushes for faster negotiations of economic partnership pact with Turkey
Chairman of the Indonesian People's Consultative Assembly (MPR) Bambang Soesatyo has urged Turkish Parliament Speaker Mustafa Sentop to help speed up negotiations on the two nations’ comprehensive economic partnership agreement (IT-CEPA).
Jakarta (VNA) – Chairman of the Indonesian People's Consultative Assembly (MPR) Bambang Soesatyo has urged Turkish Parliament Speaker Mustafa Sentop to help speed up negotiations on the two nations’ comprehensive economic partnership agreement (IT-CEPA).
Soesatyo made the request, which was considered part of post-COVID-19 economic recovery, during an official meeting with Sentop in Turkey’s Ankara on November 3.
In response, Sentop pledged to urge the related parliament commission to immediately review the pact and find the best way to allow the government to expedite negotiations, which have been ongoing for nearly four years.
In 2019, trade between Indonesia and Turkey hit 1.6 billion USD, with Indonesia enjoying a surplus of over 800 million USD. The two will potentially increase the trade value by 600 million USD if they sign the IT-CEPA.
Indonesia's key exports to Turkey comprise palm oil, rubber, yarns, and automotive components./.
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