The industrial association (IV) welcomes the fundamental cleaning of a trade agreement between the EU and Indonesia today. This is intended to conclude the agreement in September 2025. The EU trade agreement with Indonesia has been negotiated since 2016.
Austria has been in the longest recession since 1945: Economic growth decreases, the willingness to invest decrease, international competitive pressure is increasing and the geopolitical situation remains volatile. “Right now we need strong economic policy impulses to open up new markets and strengthen our export industry. The fundamental cleaning of an EU trade agreement with Indonesia is a positive impulse that brings a chance of growth and jobs for both partners,” explains IV general secretary Christoph Neumayer.
Austrian exports to Indonesia amounted to 287 million euros in 2024. Local companies have invested 648 million euros in Indonesia and secure almost 2,000 jobs on site. The agreement can help strengthen the supply chains for critical raw materials, which are particularly important for the European Clean-Tech and steel industry.
Recognize the strategic importance of trade agreements – use export opportunities
In view of the recent announcement by US President Donald Trump to prove EU goods with tariffs of 30 percent from August, Europe must draw the teachings from the current situation and make new trading partnerships. The industrial association particularly refers to the Mercosur Agreement, which opens up new export opportunities for Austrian companies, secures jobs in industry and strengthens Europe’s geopolitical ability to act in an increasingly fragmented global environment.
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