Three Trade Agreements Targeted to Take Effect in Early 2027
JAKARTA, DDTCNews – The Coordinating Ministry for Economic Affairs is committed to continuing to expand the number of free trade agreements implemented by Indonesia.
Three trade agreements are planned to take effect in the near future: the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA), the Indonesia-Canada CEPA (I-CA CEPA), and the Indonesia-Eurasian Economic Union Free Trade Agreement (I-EAEU FTA).
“Diplomatic steps are needed to speed up ratification, so that these agreements are expected to enter into force in early 2027,” Coordinating Minister for Economic Affairs Airlangga Hartarto said, as quoted on Monday (19 October 2026).
The ministry’s spokesperson, Haryo Limanseto, said specifically that the IEU-CEPA was an important opportunity for Indonesia to broaden trade and investment prospects for Indonesia and EU member states.
Haryo said the government would continue to push for faster ratification of the IEU-CEPA so that the agreement could be implemented in early 2027 and deliver benefits to both sides without delay.
“It is important to maintain the positive momentum in concluding the IEU-CEPA by strengthening coordination and diplomacy with EU institutions. Faster signing must also be followed by preparations for ratification and implementation, so that businesses on both sides can quickly benefit from the agreement,” Haryo said.
According to the government’s analysis, the IEU-CEPA could increase exports by US$10.9 billion. The I-CA CEPA and I-EAEU FTA are expected to raise exports by US$1.6 billion and US$2.89 billion, respectively.
The potential export increases are seen as opportunities to expand trade in commodities for which Indonesia has production capacity and partner countries have demand.
The government says Indonesia’s export opportunities in the EU include palm oil and its derivatives, motor vehicles, coffee, cocoa, rubber and rubber products, iron and steel, processed wood, and fisheries products.
Potential exports to Canada include minerals and metals, chemical products, vehicles, wood and rubber, machinery and electronic equipment, food and beverages, seafood, footwear, processed wood products, electronics, automotive products, and handicrafts.
Indonesia’s potential exports to Eurasia include chemical products, plant-based products, vehicles, minerals and metals, wood, paper, rubber, and plastics.