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Indonesia’s digital economy commitments in EU and RCEP trade agreements

Mount Equity Group Tokyo, Japan > News > Markets > Indonesia’s digital economy commitments in EU and RCEP trade agreements

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Context

Negotiation of the free trade agreement between Indonesia and the EU began in 2016. Many of EU’s positions were typical of various free trade agreements, but noticeably it also included new requests related to digital trade. The new demands suggest an EU strategy to achieve a level of digital dominance that could allow the region to think of itself as a player in the digital economy, where it currently lags far behind the US and China. It is already falling behind in terms of providing infrastructure for 5G. However, the battle for the digital services to be provided by the new network may still put the continent in a privileged position.

The EU is keen to insert itself into the Global Value Chains in an intelligent way. Strategically, it is seeking to accumulate data globally, which will allow the development of new services provided by European manufacturing companies. This implies a…

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