Indonesia expects to conclude free trade talks with EU by end of June

7/6/2025 17:16

Indonesia said on Saturday that free trade negotiations with the European Union, which have been going on for nine years, are expected to finish by the end of June.



Airlangga Hartarto, the chief economic minister for Southeast Asia's biggest economy, met with EU Commissioner for Trade Maros Sefcovic in Brussels on Friday.



"Indonesia and the European Union have agreed to conclude outstanding issues and we are ready to announce a conclusion of substantial negotiations by the end of June 2025," Airlangga Hartarto said in a statement.



He did not disclose details about what agreements may have been reached.



Denis Chaibi, EU Ambassador to Indonesia, said: "Negotiations are ongoing and substance will determine timing. We will communicate in details when we have an outcome."



The EU is Indonesia's fifth biggest trade partner, with total trade between the two reaching $30.1 billion last year. Indonesia had a $4.5 billion trade surplus, Airlangga said.