{
    "success": true,
    "data": {
        "id": 1839216,
        "msgid": "indonesia-european-union-cepa-enters-key-approval-phase-minister-1783079418",
        "date": "2026-07-03 17:45:03",
        "title": "Indonesia-European Union CEPA enters key approval phase: Minister",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Trade",
        "summary": "The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEUCEPA) and an Investment Protection Agreement have moved into a critical approval stage, awaiting endorsement from the Council of the EU and the European Parliament. Coordinating Minister Airlangga Hartarto stated that President Prabowo Subianto views the deal as a potential game changer, with Indonesia targeting ratification by the second half of 2026 for implementation in early 2027. The agreement is expected to eliminate EU import duties on 98.5 percent of tariff lines, boost Indonesian exports, and attract investment in strategic sectors such as electric vehicles and pharmaceuticals.",
        "content": "<p>The proposal also covers the Investment Protection Agreement (IPA),\nmarking a crucial stage in the years-long negotiations.<\/p>\n<p>\u201cIndonesian President Prabowo Subianto hopes this development will\nserve as a game changer for the global market,\u201d Airlangga remarked, as\ncited in a statement here on Friday.<\/p>\n<p>He added that, as Southeast Asia\u2019s largest economy, Indonesia is well\npositioned to work with the European Union to expand markets and\ngenerate broader economic growth benefiting both Europe and the\nIndo-Pacific region.<\/p>\n<p>According to the minister, IEUCEPA and IPA now await approval from\nthe Council of the EU before being tabled at the European Parliament for\nfinal endorsement and entry into force.<\/p>\n<p>At the same time, he continued, the Indonesian government has been\nworking on ratification in accordance with national mechanisms to pursue\ntimely implementation of the IEUCEPA.<\/p>\n<p>\u201cOur target is to complete the IEUCEPA ratification process in the\nsecond half of 2026 to allow for implementation by early 2027,\u201d he\nsaid.<\/p>\n<p>Airlangga further explained that the EU views both agreements as\nstrategic instruments to diversify economic partnerships, strengthen\ntrade and investment ties with strategic partners, open new export\navenues, and bolster the resilience of energy and raw material supply\nchains.<\/p>\n<p>Meanwhile, Indonesia aims to leverage the IEUCEPA to penetrate deeper\ninto European markets, enhance product competitiveness, attract quality\ninvestments, and strengthen its position in global value chains.<\/p>\n<p>Under the agreement, the EU will eliminate import duties on 98.5\npercent of tariff lines; simplify procedures for Indonesian exports;\nexplore potential investment in strategic sectors such as electric\nvehicles, electronics, and pharmacy; and strengthen protection for\nintellectual properties and supply chains.<\/p>\n<p>Airlangga expressed confidence that the rollout will drive up\nindustrial productivity, expand job creation, and spur more inclusive\nand sustainable economic growth.<\/p>\n<p>Related news: Apindo pushes for joint task force to ensure IEU-CEPA\nratification<\/p>\n<p>Related news: IEU-CEPA ratification targeted for H2 2026:\nAirlangga<\/p>\n<p>Related news: Indonesia vows fair treatment as EU non-tariff barrier\ntarget palm oil<\/p>\n<p>Translator: Bayu Saputra, Tegar Nurfitra<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-european-union-cepa-enters-key-approval-phase-minister-1783079418",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}