Indonesia sets November 21 target for EU trade agreement signing
The proposed pact would liberalise approximately 98 per cent of tariff lines, covering 99.5 per cent of bilateral imports by value.
Indonesia wants its trade pact with the European Union signed on November 21, 2026, Coordinating Minister for Economic Affairs Airlangga Hartarto said in Jakarta. The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is expected to become effective by early 2027.
The government is pushing to complete the deal to protect market access for Indonesian goods. Preferential tariffs under the Generalised System of Preferences (GSP) are scheduled to expire on January 1, 2027. Those benefits have helped Indonesian products compete against goods from countries without similar concessions.
According to Antara, the agreement is expected to liberalise approximately 98 per cent of tariff lines, accounting for 99.5 per cent of bilateral imports by value. Eligible Indonesian goods would gain wider access through tariff removal, including textiles, footwear, palm oil derivatives and rubber products.
Indonesia is also expected to cut or abolish duties on key EU goods, including fertilisers, railway equipment, aircraft components and wood pulp. The EU has approximately 450 million consumers, with combined gross domestic product around US$22 trillion.
Airlangga said negotiators were finishing the English-language documents. The next stages include European Parliament scrutiny, followed by ratification within Indonesia.
