Ministry of Trade Confirms IndonesiaTunisia PTA to Be Signed in February

The Ministry of Trade has confirmed that the Indonesia–Tunisia Preferential Trade Agreement (“PTA”) will be signed in February of this year. Previously, the PTA reached a substantive agreement in the previous year.

“In February, we plan to sign one of the agreements we have with our partner in Africa, namely Tunisia,” said Djatmiko Bris Witjaksono, Director of International Trade Negotiations.

The PTA covers the reduction or elimination of import duty tariffs on hundreds of tariff posts. With agreement structure that is simpler than a Comprehensive Economic Partnership Agreement (“CEPA”) or a Free Trade Agreement (“FTA”), the PTA is expected to facilitate market access for Indonesia’s leading commodities, such as crude palm oil (“CPO”), coffee, cocoa, bananas, as well as manufactured products including yarn and fabrics.

“This PTA only covers a portion of the traded goods. Therefore, it is more straightforward and simpler. The expectation is that it can be utilized promptly by business actors,” he added.