Indonesia Efta Agreement

In addition, the agreement contains a chapter on trade and sustainable development. It contains provisions on the respect and implementation of multilateral agreements on the environment and on the fundamental rights of workers. In addition, the agreement contains provisions to promote sustainable management of forest resources as well as a provision for the sustainable management of the vegetable oil sector. A section on sustainable development is included in the agreement. Machine tariffs are almost entirely abolished, either when the agreement enters into force or after a period of five to twelve years. · In an additional agreement (Recording of Understanding), which is an integral part of the EPA, Indonesia recognizes that the fact that a product is imported should not in itself constitute a reason for granting a compulsory licence. This ensures that the patent can also be exercised for imported goods. · The EFTA States and Indonesia intend to strengthen economic cooperation to enhance the mutual benefits of this agreement, in line with national political strategies and objectives, and to take into account different levels of economic and social development. The Minister hopes that similar forums will be set up to maximize the benefits of the agreement between Indonesia and EFTA. The Federal Council regulates the criteria for importing palm oil under the EPA in a regulation that comes into force at the same time as the agreement itself. The regulation defines certification systems that provide valid evidence of the sustainability and traceability of palm oil production, as well as the planned control mechanisms. Preferential imports under these quotas must also be shipped in 22-ton tanks to ensure that the origin of palm oil can be traced throughout the supply chain.

· The EFTA states and Indonesia reaffirm, among other things, their determination to respect and effectively implement the ILO multilateral conventions and conventions they have ratified. Switzerland will grant Indonesia duty-free access for industrial products when the agreement comes into force. Switzerland grants concessions to Indonesia for certain agricultural products of export interest. However, there will be no free trade in agricultural products. Switzerland`s tariff concessions are limited and do not pose a threat to local production. The same goes for concessions on palm oil. Additional legal certainty in trade relations will make Indonesia more attractive for Swiss companies to set up subsidiaries. Help Indonesia make the most of the opportunities offered by the agreement. For Switzerland, this support will be mainly within the framework of existing economic cooperation between the two countries, which has been led for many years by a representation in Indonesia. · The level of protection is based on the WTO TRIPS agreement (agreement on trade-related aspects of intellectual property rights) and exceeds it in some respects.

· 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. The financial services rules are particularly ambitious and comply with Swiss standards. The next step is to “legal erode” and translation, so the agreement is ready to be signed in Jakarta in December, the statement said.