Antara News·Indonesia·Sunday, October 4, 2026 at 06:06 AM UTC

Indonesia-EU CEPA signing targeted this year: Minister Hartarto

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Bayu, Kenzu

Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto said the signing of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is targeted for this year, so its implementation can begin in early 2027.

"CEPA creates market access, as well as stronger trade and business engagement between Indonesia and the European Union. Of course, we hope this can also be utilized by German businesses and investment from Germany," Hartarto said in a statement here on Saturday.

He said this is because the IEU-CEPA is one of the important instruments for opening market access opportunities, increasing trade, and strengthening engagement between the business communities of Indonesia and the European Union, including Germany.

In addition, Indonesia and Germany continue to strengthen economic and investment ties that have been established for more than seven decades.

In 2026, relations between the two countries were marked by a number of high-level visits and meetings, including the state visit of German President Frank-Walter Steinmeier to Indonesia in June 2026.

During the visit, the two countries reaffirmed their commitment to strengthening cooperation in the economy, investment, energy transition, education, and employment.

Hartarto noted that the strengthening of Indonesia-Germany economic relations is also carried out through various bilateral mechanisms, including the Joint Economic and Investment Committee, industrial and green cooperation, investment, and human resource development.

Indonesia sees opportunities for cooperation with Germany in developing new and renewable energy, electricity infrastructure, the electric vehicle and battery ecosystem, semiconductors, digital infrastructure, and sustainable financing.

In addition, the two countries have opportunities to strengthen cooperation in vocational education and skills development, which could open opportunities for skilled Indonesian workers to work in Germany.

Hartarto said Germany is one of Indonesia's important economic and industrial partners.

Bilateral trade between the two countries reached around US$6.11 billion in 2025, while more than 250 German multinational companies already operate in Indonesia.

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