NUSA DUA, Sept 23 (Reuters): Indonesia and the European Union concluded a free trade agreement on Tuesday after nine years of talks, with both aiming to boost exports and investment and to offset the impact of U.S. President Donald Trump's tariffs.

Both sides will remove import duties on more than 90% of products, most of them as soon as the deal enters force, with the rest, including Indonesia's 50% duty on EU cars, phased out over five years.

Indonesia says it expects bilateral trade, worth $30.1 billion for goods in 2024, to double in the first five years.

Photo from Reuters