Coordinating Minister Airlangga: IEU CEPA Negotiations Are Expected To Be Completed In 2023

Coordinating Minister for the Economy Airlangga Hartarto (Photo: Doc. Antara)

Coordinating Minister for Economic Affairs Airlangga Hartarto said that negotiations on a comprehensive economic cooperation agreement between Indonesia and the European Union or the Indonesia-European Comprehensive Economic Partnership Agreement (IEU CEPA) will be completed in 2023.

"IEU CEPA is expected to be completed in 2023," said Airlangga, quoted from Antara, Wednesday, December 21.

During a visit to the European Union, President Jokowi mandated that the IEU CEPA negotiations, which had been running for seven years, be finalized immediately.

At the same time in 2023, the national economy is predicted to weaken, but still grow by around 4.7 to 5 percent.

Indonesia will also focus on implementing ASEAN's chairmanship in 2023 and continuing negotiations on economic cooperation agreements with Asian Pacific Economic Cooperation (APEC) member countries.

"Then we will also oversee the process of implementing the Job Creation Law in 2023 and the newly passed P2SK Law, as well as overseeing the construction of the National Strategic Project," he said.

Airlangga added, in the G20 Presidency in Bali, Indonesia succeeded in making a global strategic commitment in the form of a pandemic fund worth US $ 1.5 billion.

Special drawing rights was also agreed upon by the International Monetary Fund in the form of fund resilience worth USD 81.6 billion and climate change management funds worth USD 100 billion for several countries.

"In the G20, a partnership for global infrastructure investment with an investment of 600 billion US dollars and specifically for Indonesia is recognized for 20 billion US dollars," he said.