▶️ New pact against China's dominance? Why the EU trade agreement with Indonesia is so strategically important
The EU trade agreement with Indonesia strengthens Europe's strategic position against China's growing influence. | It promotes economic diversification and reduces dependencies in critical supply chains. | Indonesia's position as a key source of nickel and battery raw materials makes the agreement relevant for the energy transition. | | The package creates new trade rules that could set standards for sustainability and human rights. | EU companies will experience far-reaching market opportunities in the Asia-Pacific region. | At the same time, the agreement entails political risks and requires targeted diplomacy. | It sends a signal for a more active EU foreign trade policy and strategic partnerships. | Environmental and social requirements remain key points of contention for acceptance and implementation. | The negotiation results could serve as a model for future trade agreements. | Overall, the agreement is a significant step towards counteracting China's dominance and securing European interests. [...]
▶️ more here