{
  "id": 9498400,
  "title": "Indonesia races to seal EU trade deal as tariff incentive expires",
  "url": "https://urgent.news/2026/09/24/indonesia-races-to-seal-eu-trade-deal-as-tariff-incentive-expires",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T06:00:52.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/09/24/indonesia-races-to-seal-eu-trade-deal-as-tariff-incentive-expires.html"
  },
  "original_language": "en",
  "account": "Indonesia is working quickly to finalize a trade deal with the European Union (EU) before its tariff benefits under the Generalized Scheme of Preferences (GSP) expire at the end of 2026. The GSP provides duty-free access for products from developing countries to the EU market, but Indonesia is set to leave this program in early 2027 after being classified as an upper-middle-income country for three consecutive years.\n\nPresident Joko Widodo has instructed the cabinet to expedite negotiations for the Comprehensive Economic Partnership Agreement (IEU-CEPA) between Indonesia and the EU, according to Coordinating Minister for the Economy Airlangga Hartarto. The deal must still pass through EU procedures, including signature and approval by the European Parliament, before Indonesia can ratify it.\n\nNegotiators are currently preparing the English text of the agreement for submission to the European Parliament. Indonesia has requested that the EU process the deal exclusively in English, deviating from the usual three-language format of English, French, and German, to expedite the process. The agreement is currently listed as being in the preparatory phase by the European Parliament.",
  "summary": "The EU has confirmed that Indonesia will leave the GSP from Jan. 1, 2027, after being classified as an upper-middle-income country for three consecutive years.",
  "key_points": [
    "Indonesia aims to finalize EU trade deal before GSP tariff ends in 2026.",
    "President Joko Widodo instructs cabinet to expedite negotiations for IEU-CEPA.",
    "Agreement prepared in English to speed up EU approval process."
  ],
  "editors_take": "Indonesia's push to quickly finalize a trade deal with the EU aims to secure preferential market access as it loses duty-free benefits under the Generalized Scheme of Preferences in 2027.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}