JAKARTA, Sept. 23 (Xinhua) -- Indonesia and the European Union on Tuesday formally signed a Comprehensive Economic Partnership Agreement (CEPA) in Bali. Key Indonesian exports, including palm oil, textiles, footwear, and processed agricultural products, are expected to benefit. Sefcovic said the agreement opens new opportunities for European businesses in Indonesia's dynamic market. Sectors such as agri-food and advanced manufacturing stand to gain from greater market access, including prospects in automotive and electric vehicle investment. Indonesia has become the third Southeast Asian country to conclude a CEPA with the EU, after Singapore and Vietnam, with the agreement expected to take effect in early 2027.