Overview

• EU exporters are projected to save about €600 million annually in duties, lowering prices for European goods in Indonesia.
• Roughly 80% of Indonesian exports to the EU will be tariff-free once in force, including palm oil, footwear, textiles and fisheries.
• The agreement opens investment opportunities in electric vehicles, electronics and pharmaceuticals, alongside a new Investment Protection Agreement.
• A protocol on palm oil is included but not yet public, prompting Greenpeace Indonesia to warn of potential deforestation risks.
• The signed text now undergoes legal checks, translations and ratification by EU member states, the European Parliament and Indonesia, with implementation targeted around 2027.