Jakarta, Sept. 7 -- The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is set to be signed on September 23 after a decade of negotiations, according to Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.

Once the agreement is signed, the process will continue at the parliament of each party. He added, however, that it still requires approval from the parliaments of all 27 European Union member states to come into force.

Director General of International Trade Negotiations at the Indonesian Trade Ministry Djatmiko Bris Witjaksono highlighted that the entire administrative and legislative process in the EU might take up to 12 months.

In contrast, Indonesia is projected to ratify the...