Indonesia expects to ratify trade deal with EFTA early next year

JAKARTA (The Jakarta Post/ANN): The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the Covid-19 crisis.

After seven years of negotiations, the agreement between Indonesia and the European Free Trade Association (EFTA) member countries, called IE-CEPA, was signed in December 2018.