New Leadership Creates Fresh Momentum For EU-Indonesia FTA Talks

Quick Summary:

Incoming administrations in Brussels and Jakarta offer hope for progress in the long-running negotiations.

On the other hand, in 2024, the EU saw nickel pig iron (NPI) imports from Indonesia surge to 87.5 kilotonnes, an increase of 475 percent compared to 2015, marking the highest level on record.

This situation has intensified the bloc’s effort to aggressively pursue the FTAs with resource-rich countries like Indonesia, as part of its effort to diversify supply chains and reduce its reliance on China.

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Article Details

Author / Journalist: Alif Alauddin

Category: Economy

Markets: United StatesBelgiumChinaIcelandIndiaIndonesiaIsraelNorth KoreaSouth KoreaLiechtensteinMalaysiaNorwaySri LankaSwitzerlandTaiwanUkraineVietnam

Topics: Chinese Indonesia Brussels Nickel Sides China Agreement Trade Jakarta Sustainability European

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 09:53:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2515 words

Reading Time: 14 minutes read

Sentences: 119 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23120842

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