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Indonesia-Japan Economic Partnership Agreement (IN-EPA)

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Government has targeting the trading volume of Indonesia to Japan will increase from 9.5% become to 12% after the agreement of Indonesia-Japan Economic Partnership Agreement (IN-EPA) has realized. This EPA’s agreement will be related by liberalization, facility and partnerships beetwen each country. 

This agreement will be effective as per July, 01st 2008 and with this agreement, Japan will decrease about 80% duty tariff till 0% and also for Indonesia,  about 58% duty tariff will be deducted become to 0% percent tariff. 

Last year, Japan’s investment was only US$ 700 million, while before the monetary crisis in 1998, Japan has invest about US$ 3 billion per year.   

Japan is one of trading partner’s priority for Indonesia with volume reaching 20% from the total (www.mediaindonesia.co.id)

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