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Indonesia trade partnership expansion

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-08 10:13 UTC → 2026-08-09 07:01 UTC · added removed

In late July 2026, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto met with the UK Trade Commissioner for Asia Pacific, Martin Kent, in Jakarta. The talks reviewed the Indonesia‑United Kingdom Economic Growth Partnership and reaffirmed Britain’s support for Indonesia’s accession to the Comprehensive and Progressive Agreement for Trans‑Pacific Partnership (CPTPP), emphasizing the expected boost to market access, supply‑chain resilience and sustainable growth. A week later, on 7 August 2026, Indonesian Trade Minister Budi Santoso and India’s Minister of Commerce and Industry Piyush Goyal met on the sidelines of the BRICS Trade Ministers’ Meeting in Jaipur. They discussed expanding bilateral trade, accelerating investment, and implementing the Indonesia‑India Working Group on Trade and Investment. Both sides welcomed a proposal for an Indonesia‑India Preferential Trade Agreement to complement the ASEAN‑India Trade in Goods Agreement, aiming to widen market access and reduce non‑tariff barriers. Together, Also on 7 August 2026, during the meetings illustrate Indonesia’s active pursuit of deeper economic ties BRICS meeting in Jaipur, Minister Santoso met with major partners, seeking both multilateral integration through the CPTPP Brazil’s Minister of Development, Industry, Trade and bilateral arrangements with India Services, Márcio Fernando Elias Rosa, to strengthen regional supply‑chain resilience propose a preferential trade agreement (PTA) between Indonesia and inclusive growth. Brazil. This PTA is being considered as a pragmatic alternative to the Indonesia-Mercosur Comprehensive Economic Partnership Agreement (CEPA), which has faced limited progress. The objective is to utilize Brazil as a gateway for Indonesian goods into Latin America and Indonesia as an entry point for Brazilian exports into Asia. Additionally, Minister Santoso advocated for a fairer, WTO-centered multilateral trading system and supported BRICS initiatives regarding digital transformation and financing for micro, small, and medium enterprises.

Versions

  1. 2026-08-09 07:01 UTC Indonesia trade partnership expansion
  2. 2026-08-08 10:13 UTC Indonesia trade partnership expansion

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