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View all search resultsI-EU CEPA talks end, but deal won’t take effect before 2027
Once fully implemented, the trade agreement is expected to increase Indonesia’s exports to the EU by as much as 50 percent over three years.
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Trade boost: Coordinating Economic Minister Airlangga Hartarto briefs media and business representatives on the Indonesia-EU Comprehensive Economic Partnership Agreement (I-EU CEPA) negotiations on June 13 at his office in Jakarta. (Courtesy of/Coordinating Economic Ministry)
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ndonesia aims to seal a free trade deal with the European Union after the two sides completed their latest round of negotiations, the government said, but the pact is not yet set in stone and is unlikely to take hold before 2027.
The final legal text and legal scrubbing of the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) is anticipated to conclude by September, with President Prabowo Subianto and European Commission President Ursula von der Leyen expected to sign the deal in the same month.
Ratification, however, would take much longer, especially in Europe, said Djatmiko Bris Witjaksono, director general of international trade negotiations at the Trade Ministry.
“The EU requires far more time than Indonesia due to its internal procedures,” Djatmiko told a press conference on Friday.
Read also: Indonesia eyes EU trade breakthrough as bloc softens green business rules
Each of the EU’s 27 member states must complete a legal review, translate the document into their local language and push it through to domestic ratification, a process that could stretch into the second quarter of 2026.
Indonesia’s own ratification process could take 10 to 12 months, pending House approval, he added, so the signing is currently scheduled for the second or third quarter of 2026.
