Overview

• EU Trade Commissioner Maros Sefcovic and Indonesia’s economy minister Airlangga Hartarto signed the Comprehensive Economic Partnership Agreement after more than a decade of talks.
• The deal is expected to save EU exporters about €600 million annually in tariffs and to make roughly 80% of Indonesian exports to the EU duty-free once in force.
• The agreement opens investment and cooperation in strategic sectors including electric vehicles, electronics and pharmaceuticals.
• The pact becomes the EU’s third trade agreement with a Southeast Asian partner, following earlier deals with Singapore and Vietnam.
• Officials attribute the accelerated finish to heightened global tariff pressures under U.S. policy after earlier sticking points over palm oil and deforestation slowed progress.