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EU and Indonesia agree trade deal

Brussels and Jakarta to sign pact next week as they seek to reduce reliance on US

The EU and Indonesia have concluded talks on a trade deal and plan to sign it next week as they accelerate efforts to reduce their dependence on China and the US.

European trade commissioner Maroš Šefčovič is scheduled to travel to Indonesia to ink the agreement on September 23, according to officials in Brussels and Jakarta.

US President Donald Trump’s import tariffs on both accelerated the talks. Washington has forced Jakarta to accept a 19 per cent rate across the board and Brussels to agree to a 15 per cent rate on most products.

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