Following a political agreement reached on 13 July, the EU and Indonesia have finalised negotiations for a Comprehensive Economic Partnership Agreement (CEPA) and an Investment Protection Agreement (IPA). The agreement will give EU companies privileged access to the Indonesian market by:Removing import duties on 98.5% of tariff lines and simplifying procedures on EU goods exports to Indonesia, including key exports such as cars and agri-food products. Allowing EU companies to provide services with full ownership in key sectors such as computers and telecommunications. Except for imports of Indonesian crops that are not grown in the EU, the EU already exports more agri-food products to Indonesia than it imports, with exports of €1 billion per year. The agreement strengthens predictable, reliable and sustainable supply chains, including through reduced tariffs, facilitation of exports, environmental impact assessments, and advanced cooperation.