The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) will open up market access for both parties, nearly 2.5 times the Indonesian market. According to Rosan Perkasa Roeslani, Minister of Investment and Downstream Development/Head of the Investment Coordinating Board (BKPM), the agreement will be signed in September 2025. "Then we will ratify it as soon as possible to diversify our market by combining our population with the European Union, which is more than 700 people. So, of course, this is a very, very positive thing," Rosan stated when met in Paris, France, on Monday, July 14th, 2025. Rosan and several ministers accompanied President Prabowo Subianto when they signed the IEU-CEPA at the European Commission headquarters in Brussels, Belgium, on the same day. President Prabowo and his delegation then continued their visit to Paris to attend the Bastille Day commemoration this afternoon, Western Indonesian Time.
With the implementation of the IEU-CEPA, Rosan expressed optimism that Indonesia will achieve significant positive impacts in terms of trade and investment. Indonesia itself gains market access to 27 European Union member states. "It is hoped that with the IEU-CEPA, trade will increase to USD 60 billion (around IDR 975 trillion) from approximately USD 25 billion, and we also expect positive investment," Rosan said. Rosan said that in terms of investments, several have already been made by European Union companies. Currently, the largest investment comes from the Netherlands. He believes other countries will increase their investment in Indonesia. In 2024, the total value of Indonesia-EU trade is recorded at USD 30.1 billion, equivalent to EUR 27.3 billion. This figure consists of EU exports to Indonesia of EUR 9.7 billion and EU imports from Indonesia of EUR 17.5 billion.
