{"id":7962,"date":"2025-09-26T07:28:36","date_gmt":"2025-09-26T00:28:36","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=7962"},"modified":"2025-09-26T07:39:05","modified_gmt":"2025-09-26T00:39:05","slug":"dampak-ekonomi-finalisasi-cepa-peluang-dan-tantangan-bagi-industri-asuransi","status":"publish","type":"post","link":"http:\/\/ligaasuransi.com\/en\/dampak-ekonomi-finalisasi-cepa-peluang-dan-tantangan-bagi-industri-asuransi\/","title":{"rendered":"Economic Impact of CEPA Finalization: Opportunities and Challenges for the Insurance Industry"},"content":{"rendered":"

Liga Asuransi<\/b> – Tuesday, September 23, 2025, marked a significant day in the economic relationship between Indonesia and the European Union. Both parties officially agreed on substantive conclusions regarding…Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and the European Union.<\/span> Under the agreement, approximately 80 percent of Indonesian products exported to the European Union will be tariff-free initially, with tariff elimination of up to 98 percent over the long term.<\/span><\/p>\n

This agreement is the culmination of a long negotiation process since Indonesia and the European Union began CEPA talks. The idea of \u200b\u200bcloser, more comprehensive trade cooperation has its roots in discourse since 2009, with the formation of<\/span>I<\/b>Indonesia \u2013 EU Vision Group, which then push for a broader trade talks agenda than just an FTA: including services, investment, regulation and capacity building.<\/span> Official negotiations only began around 2016, and through various rounds of intensive talks in many sectors until almost a decade later the process reached a point.<\/span>\u201csubstantive conclusion\u201d.<\/span><\/i><\/p>\n

Why is Indonesia so ambitious about realizing the CEPA? Because this agreement is seen as opening the door for penetration into the European Union market\u2014which has been riddled with tariff and non-tariff barriers\u2014for superior Indonesian products such as palm oil, textiles, clothing, and fishery products.In addition, investment access from European companies to strategic sectors (such as technology, renewable energy) and regulatory harmonization will increase Indonesia’s competitiveness in the global arena.<\/span>\u00a0<\/span><\/a><\/p>\n

In the context of the domestic insurance industry, finalizationCEPAopens a new chapter that cannot be ignored. With increasingly open market access, increasing investment flows, and increasingly complex cross-border protection needs, the Indonesian insurance industry needs to prepare to seize opportunities and face new challenges. This article will examine in depth how the finalization of the CEPA will impact the national insurance industry\u2014from opportunities for export-import insurance products, competition with foreign insurers, to regulatory adaptations and product innovations that must be implemented to remain relevant and competitive amidst global integration.<\/span><\/p>\n

EU\u2013Indonesia CEPA Overview<\/b><\/h3>\n
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  1. Scope of the Agreement<\/b>
    \n<\/b>The Indonesia\u2013EU CEPA is more than just a free trade agreement. It encompasses trade in goods, services, investment, intellectual property rights, environmental standards, and capacity building. Its primary goal is to create a more comprehensive framework for balanced, sustainable, and competitive economic relations.<\/span><\/li>\n
  2. Impact of Tariffs and Market Access<\/b>
    \n<\/b>This agreement will eliminate tariffs on approximately 80% of Indonesian products entering the European Union market, with a projected increase to 98% over time. The main sectors benefiting are:<\/span><\/li>\n<\/ol>\n