Bilateral Trade Relations Between Indonesia and Turkey 2014-2019

Abstract

The bilateral trade relations between Indonesia and Turkey during the period of Joko Widodo's administration declined due to the high tariffs for entering Indonesian products into Turkey. Trade and investment between Indonesia and Turkey are important. There needs to be good cooperation so that the creation of a good climate and the stability of mutually beneficial economic relations are created with other countries. Indonesia has ratified the Joint Statement for the Launching of the Comprehensive Economic Partnership Agreement between Indonesia and Turkey (IT-CEPA). Indonesia will get significant benefits in signing this agreement. One of the targets to be achieved by both countries is to meet the total Indonesia-Turkey bilateral trade target of USD 10 billion by 2023. The main objective of the research is to identify these issues with over the example from 2014-2019, obviously in the era of Joko Widodo’s administration. Mixed methods will be used to serve the research objectives. In this context, research will be built on four main pillars of research, namely "literature review", "interview", "document collection" and "qualitative research". Data obtained through practice interviews with the Indonesian Ambassador in Ankara. In addition, secondary data obtained from the results of searching official documents and other sources. The results of this study answer the question of the fundamental factors why Indonesia wants to ratify the I-T CEPA with Turkey. In this context, we will discuss in advance the analysis of Indonesia's political and economic interests in Turkey. The I-T CEPA Agreement will strengthen the economic relations between the two countries and can achieve the targets set in 2023.