Indonesia Signs Comprehensive Economic Partnership Agreement With the European Union (EU)
Indonesia and the European Union officially signed the "Indonesia-European Union Comprehensive Economic Partnership Agreement" in Bali, Indonesia, on September 23. The Indonesian Coordinating Ministry for Economic Affairs stated in a declaration that the agreement covers trade liberalization in areas such as goods, services, and investment. In terms of goods trade, both parties have committed to eliminating over 98% of tariff lines and 99% of the total tariff on imports. It is expected that Indonesia's main export products, such as palm oil, coffee, textiles, footwear, and furniture, will benefit from this, and new opportunities are anticipated for high-tech products and digital trade. The statement said that the Indonesian government's goal is to achieve a 60% increase in exports to the EU through the implementation of the agreement, boosting national income by $2.8 billion. According to Indonesian official statistics, the bilateral trade volume between Indonesia and the EU will reach $30.1 billion in 2024.
Related Breaking News
-
2025-11-07 14:42:30
$17.485 Billion! China National Petroleum Corporation's Latest Agreement!
The 8th China Petroleum International Cooperation Forum and Signing CeremonySuccessfully held in Shanghai. At the signing ceremony, China National Petroleum Corporation signed agreements with partners such as Saudi Aramco, TotalEnergies, JXTG Nippon Oil & Energy Corporation, United Group, Kuwait Petroleum Corporation, Wood High Pressure Technology Company, Schlumberger, Lier Chemical, and Siemens Energy. At this year's CIIE,China Petroleum has signed 43 procurement agreements with 41 global partners, with a total contract amount of 17.485 billion USD.Compared to last year, the procurement contract value has increased steadily. -
2025-11-07 14:40:06
Over $40.9 Billion! Sinopec Signs Major Deal
The first major procurement contract in the energy sector of the 8th China International Import Expo was officially signed in Shanghai. At the signing ceremony, Sinopec signed agreements with 34 partners from 17 countries and regions, covering 24 products in 10 categories including crude oil, chemicals, equipment, materials, and consumer goods, with a procurement contract value exceeding 40.9 billion USD. Since the first Import Expo in 2018, Sinopec has cumulatively signed contracts worth over 325 billion USD over the eight expos. -
2025-11-07 11:34:16
Musk: Tesla May Build Its Own AI Chip Factory, Could Partner With Intel
Local time on November 6, Musk inTeslaAt the shareholders' meeting, it was stated that.TeslaIt may be necessary to build "a giant chip manufacturing plant" to produce artificial intelligence chips, "perhaps we will..."IntelWe have not signed any agreement yet, but withIntel"Negotiation may be worthwhile." -
2025-11-07 11:20:40
Toyota Delays Fukuoka Electric Vehicle Battery Plant Plan
Market news: Postponed Fukuoka electric vehicle battery factory plan. -
2025-11-07 11:18:01
Musk: Tesla Humanoid Robot to Be Mass Produced in 2026, May Have Human Consciousness in 20 Years
On November 7, 2025, at Tesla's annual shareholder meeting, Musk shared several updates and plans for the company, focusing on humanoid robots, autonomous driving, production expansion, chip innovation, and an update on the company's mission. Regarding humanoid robots, Musk emphasized that they will be the largest product in history, with an expected market size of tens of billions of units. The ratio of personal robots to industrial robots is estimated to be around 1:3 to 1:5. He estimates that it will require "hundreds of billions of dollars" to train the artificial intelligence system of humanoid robots to run efficiently on low-power chips. In terms of product iteration, Musk stated that the current demonstration is of the 2.5th generation humanoid robot, and the production of the third generation Tesla humanoid robot will begin next year. He announced that humanoid robots would adopt an annual release cycle, with the 4th generation expected to be launched in 2027 and the 5th generation in 2028. Elon Musk even stated that humans might achieve uploading snapshots of human consciousness into Tesla humanoid robots through Neuralink within 20 years. By then, humanoid robots might possess human consciousness.
Most Popular
-
Mexico officially imposes tariffs on 1,400 chinese products, with rates up to 50%
-
Progress on plastic reduction in packaging released by 16 fast-moving consumer goods brands including nestlé, pepsi, unilever, coca-cola, and mars
-
List Released! Mexico Announces 50% Tariff On 1,371 China Product Categories
-
Brazil Imposes Five-Year Anti-Dumping Duty of Up to $1,267.74 Per Ton on Titanium Dioxide From China
-
Significant Data Gaps in Plastic Additive Safety! Cheap Catalyst with Air Enables Efficient PET Decomposition