{
    "success": true,
    "data": {
        "id": 1933820,
        "msgid": "ieu-cepa-document-targeted-for-signing-in-october-2026-indonesia-to-immediately-pursue-ratification-process-1787320227",
        "date": "2026-08-21 15:13:50",
        "title": "IEU-CEPA Document Targeted for Signing in October 2026, Indonesia to Immediately Pursue Ratification Process",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Trade",
        "summary": "The Indonesian government is targeting the signing of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) in October 2026. Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the English-language documentation is nearing completion and that Indonesia has already consulted with the DPR on ratification mechanisms. The agreement is expected to eliminate tariffs on 90% of tariff lines immediately and boost European investment in Indonesia.",
        "content": "<p>The government is targeting the Indonesia-European Union\nComprehensive Economic Partnership Agreement (IEU-CEPA) to be signed in\nOctober 2026. The agreement is expected to open wider market access\nwhile encouraging increased European investment in Indonesia.<\/p>\n<p>Coordinating Minister for Economic Affairs Airlangga Hartarto said\nthat the IEU-CEPA documentation in the English version is targeted to be\ncompleted soon. After signing, the agreement will be brought to the\nEuropean Parliament to undergo the ratification process.<\/p>\n<p>\u201cThe documentation in the English version will be completed soon and\nis targeted for October, hopefully it can be signed,\u201d said Airlangga\nduring a press conference at the Coordinating Ministry for Economic\nAffairs office in Jakarta, Friday (21\/8\/2026).<\/p>\n<p>Airlangga said that Indonesia has conducted consultations with the\nDPR regarding the ratification mechanism. The government is likely to\nuse a Presidential Regulation (Perpres) mechanism so that the\nimplementation of the agreement can be carried out more quickly after\nthe entire ratification process is completed.<\/p>\n<p>According to the Golkar Party politician, IEU-CEPA will be a greater\nexpansion of market access for Indonesia\u2019s trade and investment\nrelations with the European Union. One of the main benefits of the\nagreement is the opening of market access through tariff\nelimination.<\/p>\n<p>\u201c90% of tariff posts will immediately become 0% and this will be\nreduced gradually,\u201d said Airlangga.<\/p>\n<p>In addition to expanding market access, Airlangga hopes that the\nimplementation of the EU CEPA can open up new investment potential from\nEuropean companies. The European Union has been one of Indonesia\u2019s\nimportant investment partners in various sectors.<\/p>\n<p>Airlangga revealed that European business interest in Indonesia is\nalso beginning to be seen from the increasing number of business\ndelegation visits from several European countries. Germany, France, and\nother European Union countries are said to have started bringing\nbusiness delegations to Indonesia to explore cooperation\nopportunities.<\/p>\n<p>\u201cIndonesia-Europe economic relations have been going on since the\n15th century. From Indonesian spice exporters to Europe and of course\nnow is the time for us to create a more equal cooperation,\u201d explained\nAirlangga.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ieu-cepa-document-targeted-for-signing-in-october-2026-indonesia-to-immediately-pursue-ratification-process-1787320227",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}