Ref. Ares(2019)5289223 - 19/08/2019
[Art. 4.1.a]
[Art. 4.1.a]
[Art. 4.1.b]
[Art. 4.1.b]
[All redactions in Annex 1 are based on Art. 4.1.b]
•
Brussels, end February 2011 – Full meeting on all issues, followed by (March
2011) drafting of the Vision groups report
•
Jakarta, April 2011 – Finalisation of the report
•
Jakarta/Brussels May 2011 -
A one day conference presenting the outcome of
the Vision Group to stakeholders.
Background
Indonesia has gained an important role in the G-20 and other international fora as a
manifestation of an impressive job in keeping the economy stable and recording the
largest growth in Southeast Asia in 2009. It is the largest and considered the most stable
democracy in Southeast Asia. On the other hand the EU, with its 500 million citizens,
constitutes a large and important market for Indonesia. It is also the source of investments
and trade giving rise to fair employment conditions, sustainable development and
innovative technological solutions.
In 2008, Indonesia exported 13.5 billion euro worth of goods to the EU, making the EU
its biggest export destination of non-oil and gas exports. Indonesia imported goods from
the EU worth 6 billion euro. These flows remained stable even during the global crisis
last year (bilateral trade amounted to a total of 17 billion euro) and growing by an annual
average of 6% between 2004 and 2008.
The scale of this trade and investment relationship between the EU and Indonesia
generates a wide range of new opportunities which we could exploit more. EU and
ASEAN started negotiations on a deep and comprehensive FTA in May 2007, but two
years later the negotiations were paused due to differing perceptions and ambition levels.
The EU has, following this halt in the negotiations, explored the possibility of negotiating
bilateral FTAs, with a view of at a later stage create a region-to-region architecture and
started negotiations with Singapore in March 2010. Vietnam and Malaysia have also
shown interest for a bilateral FTA .
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