COMMISSION SUBMITS EU-INDONESIA TRADE AND INVESTMENT AGREEMENTS FOR APPROVAL
On 29 June, the European Commission formally submitted the proposed EU-Indonesia Comprehensive Economic Partnership Agreement (CEPA) and Investment Protection Agreement (IPA) to the Council for signature and conclusion, marking an important step towards their eventual entry into force.
The agreements form part of the EU's broader strategy to diversify trade partnerships, strengthen supply chain resilience and improve access to key global markets. Indonesia, with a population of around 280 million, represents one of the largest and fastest-growing economies in the Indo-Pacific region.
Once in force, the CEPA would remove import duties on 98.5% of tariff lines, simplify customs and export procedures, and create new opportunities for EU businesses, including in the agri-food, automotive, electronics and pharmaceutical sectors. The agreements also provide stronger protection for intellectual property rights, including 221 EU geographical indications, while supporting more predictable and sustainable supply chains for critical raw materials.
The agreements now require Council approval for signature, followed by the consent of the European Parliament. Indonesia is conducting its own domestic ratification process in parallel.
CLECAT will continue to monitor the legislative process and keep members informed of developments relevant to international trade and customs.