{
    "success": true,
    "data": {
        "id": 1972715,
        "msgid": "kadin-seeks-stronger-indonesia-sweden-ties-through-eu-pact-oecd-1789052003",
        "date": "2026-09-10 21:30:05",
        "title": "Kadin seeks stronger Indonesia-Sweden ties through EU pact, OECD",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Trade",
        "summary": "The Indonesian Chamber of Commerce and Industry (Kadin) is looking to deepen economic cooperation with Sweden by leveraging the IEU-CEPA and Indonesia's OECD accession process. While bilateral trade has seen a slight decline, Kadin identifies significant opportunities to expand collaboration in sectors such as energy, mining, and electric vehicles.",
        "content": "<p>Bernardino Vega, Kadin\u2019s vice chairman for international relations,\nsaid in Jakarta on Thursday that Indonesia-Sweden ties had a strong\ndiplomatic and economic foundation.<\/p>\n<p>The countries have maintained diplomatic relations since 1950, with\ncooperation expanding into energy, electric vehicles, sustainability,\nmining, healthcare and forestry.<\/p>\n<p>Vega said economic ties had strengthened but there was still\nsubstantial room to expand cooperation between the two countries.<\/p>\n<p>About 80 Swedish companies currently operate in Indonesia, supporting\na business ecosystem involving Indonesian distributors, suppliers and\nservice providers.<\/p>\n<p>Bilateral trade reached about US$825 million in 2025, down from\nUS$868 million in 2024, according to Business Sweden. Trade remains\nsmall compared with Indonesia-EU goods trade.<\/p>\n<p>Vega said opportunities to deepen economic ties were growing as\nIndonesia\u2019s economy expanded and remained Southeast Asia\u2019s largest.<\/p>\n<p>Indonesia\u2019s economy grew 5.11 percent in 2025, according to\nStatistics Indonesia, while Bank Indonesia forecasts 2026 growth at 4.9\npercent to 5.7 percent.<\/p>\n<p>Kadin identified two strategic opportunities for stronger ties: the\nIEU-CEPA and Indonesia\u2019s ongoing process to join the Organisation for\nEconomic Co-operation and Development.<\/p>\n<p>The IEU-CEPA, whose negotiations concluded in September 2025, is\nexpected to significantly reshape trade between Indonesia and the\nEuropean market.<\/p>\n<p>The agreement would remove import duties on about 98.5 percent of\nIndonesian tariff lines for EU goods while expanding services access and\nsimplifying customs procedures.<\/p>\n<p>It would also strengthen intellectual property protection and create\ngreater opportunities for investment and trade between Indonesia and the\nEuropean Union.<\/p>\n<p>A survey found that 66 percent of Swedish companies operating in\nIndonesia expected the CEPA to improve their business prospects, while\n54 percent anticipated lower import duties.<\/p>\n<p>Kadin also sees Indonesia\u2019s OECD accession process as an opportunity\nto deepen economic ties, with Sweden able to share expertise in meeting\nvarious OECD standards.<\/p>\n<p>Related news: Indonesia, Sweden sign halal trade recognition\nagreement<\/p>\n<p>Related news: Indonesia seeks stronger health tech cooperation with\nSweden<\/p>\n<p>Translator: Ahmad Muzdaffar Fauzan, Cindy Frishanti Octavia<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kadin-seeks-stronger-indonesia-sweden-ties-through-eu-pact-oecd-1789052003",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}