Comprehensive Economic Partnership Agreement (CEPA) between EFTA States and Indonesia
The Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and the European Free Trade Association States ("EFTA"), involving Iceland, Liechtenstein, Norway and Switzerland, came into force in November 2021.
It includes most energy products and its constituents including but not limited to:
- Electric motors, turbines and generators;
- Mechanical equipment including pumps, appliances, and other advanced machinery;
- Electric accumulators, transformers, capacitors, batteries;
- Motor vehicles;
- Mineral ore, slag and ash;
- Mineral fuels, oils and other products;
- Metals and their articles e.g. iron and steel;
- Semiconductors devices and photovoltaic cells;
Rule of origins apply to qualify for the preferential tariff treatment, conditions to confer originating status include but not limited to the following:
- For mineral ores and fuels, generators and mechanical equipment (Chapter 26, 27, 84 and 85) it includes manufacturing of any non-originating materials from any heading
- For most of the remaining products listed above, it includes i. manufacturing from non-originating materials except the product itself or ii. value of all the manufacturing materials used does not exceed 70 % of the ex-works price of the product
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