Indonesia Efta Comprehensive Economic Partnership Agreement

The objective of Chapter 4 is to improve the legal environment for investors in EFTA countries and Indonesia who invest in the other country`s markets. This objective is achieved by granting non-discriminatory settlement rights (“commercial presence”) in sectors not covered by the trade in services chapter and listed in Appendix XVI. In some of these economic zones, the contracting parties have included reservations on domestic treatment on the basis of restrictions in their national legislation. The chapter is subject to periodic review to examine the possibility of changes in the parties` commitments. · The objectives set out in the chapter on economic cooperation are detailed in a separate Memorandum of Understanding. Possible areas of cooperation include customs and origin issues, technical regulations and compliance assessment, intellectual property, labour issues, tourism and the sustainable development of the agricultural industry (for example. B palm oil). · Indonesia has agreed on a wide range of commitments. The manufacturing sector, particularly important for Switzerland, is now largely open to Swiss investors, although there are minimum capital requirements and, in some cases, partnership requirements. In general, the revised list of Indonesia`s commitments reflects domestic legislation and largely corresponds to concessions made by Indonesia in other free trade agreements (for example). B with Japan). The two sides had already signed a joint declaration on 23 November 2018 in Geneva, Switzerland, concluding the EPA negotiations. The EPA covers all areas normally covered by EFTA free trade agreements, such as trade in goods and services, investment, intellectual property rights, competition, public procurement, trade and sustainable development, cooperation and capacity building, and legal and horizontal provisions.

· The agreement contains provisions that go beyond the General Agreement on Trade in Services (GATS) with regard to financial services, telecommunications services, tourism services, recognition of qualifications, the free movement of individuals and the recognition of qualifications and qualifications and training of seafarers` crew members.