IEU-CEPA Officially Agreed, Maros Reveals Opening Access To European Markets And Indonesia Opens Up

BALI – The Indonesian government and the European Union have officially signed a cooperation agreement and announced the completion of the substance of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) negotiations on Tuesday, September 22, 2025, in Bali.

The signing of this cooperation was carried out by the Coordinating Minister for Economic Affairs of the Republic of Indonesia Airlangga Hartarto and the European Union Commissioner for Trade and Economic Security Maros Sefcovic.

In his remarks, Maros said that through this agreement, Indonesia and the European Union conveyed a strong message to the world that the two sides had stood together to support an open, rule-based, and mutually beneficial international trading system.

“EU and Indonesia have long had close trade relations. Indonesia, as the largest economic and consumer market in Southeast Asia, is the fifth largest trading partner of the European Union in the region,” he said at the signing of the agreement in Nusa Dua Bali, Tuesday, September 23.

He said that in 2024, the export value of the European Union to Indonesia reached nearly 9.7 billion euros, which also supports more than 15,000 small and medium enterprises (SMEs) in Europe and creates around 200,000 jobs.

He added that in total, the value of trade in goods between Indonesia and the European Union had exceeded 27 billion euros last year, with Indonesia recording a trade balance surplus of goods.

Meanwhile, Maros said that the European Union leads the trade in services with a value of nearly 9 billion euros.

“This agreement will open up great potential that so far has not been exploited and brings many benefits to both parties,” he said.

Maros stated that this agreement will open up great potential which so far has not been exploited and presents various concrete benefits for the sub-district head of Pua.

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