Indonesia is currently negotiating trade agreements with Australia, Chile, EFTA (European Free Trade Area), the European Union, Korea, India and Ukraine. It has also expressed interest in joining the Trans-Pacific Partnership (TPP) and creating a free trade area with the Eurasian Economic Union. Since 2012, Jakarta has been part of the controversial discussions on the Comprehensive Regional Economic Partnership (RCEP) with the nine other ASEAN (Association of Southeast Asian Nations) governments and their six free trade partners, Australia, China, India, Japan, New Zealand and South Korea. Indonesia is the sixth country in the region to enter into negotiations for a bilateral free trade agreement with the EU, after Singapore (2010), Malaysia (2010), Vietnam (2012), Thailand (2013) and the Philippines (2015). To date, the EU has concluded negotiations on bilateral agreements with two of them: Singapore (2014) and Vietnam (2015). Bilateral free trade agreements between the EU and ASEAN countries will form the building blocks of a future EU-ASEAN agreement, which remains the EU`s ultimate goal. Indonesia has been a member of the WTO since 1995 and enjoys trade preferences granted under the EU`s Generalised Preference System (GSP), which accounts for about 30% of total imports from Indonesia. Given all these years of working from both Australia and Indonesia to create an exuberant environment for bilateral trade and investment, and given the proximity of our lands, Indonesia will soon climb up, where Australians do business. The parties recognize that economic development, social development and environmental protection are interdependent. In Chapter 8, they reaffirm their commitment to multilateral contracts and principles in the environment and work and commit to a level of protection by recognizing the right of each party to set its own level of environmental and labour protection. Arbitration procedures do not apply to this chapter. A free trade agreement (FTA) will establish a key aspect of economic relations between the EU and Indonesia, which is governed by the Partnership and Cooperation Agreement. The agreement came into force on May 1, 2014.
Intellectual property protection provisions (Chapter 5, Appendix XVII and Patent Protocol) include, among other things, trademarks, copyrights, patents, undisclosed information, industrial designs and geographical indications, and include provisions relating to the application of intellectual property rights and cooperation between the parties. These provisions are based on the WTO agreement on trade-related aspects of intellectual property rights (TRIPS) and provide for a high level of protection, taking into account the principles of the most favoured nation and national treatment.