The agreement provides the legal framework for cooperation in a wide range of policy areas, including human rights, political dialogue and trade. These bilateral trade and investment agreements were conceived as building blocks for a future agreement between the regions. A Free Trade Agreement (FTA) will develop a key aspect of the overall relationship between the EU and Indonesia, as defined by the Partnership and Cooperation Agreement. The agreement entered into force on 1 May 2014. Ensuring better access for EU exporters to the dynamic ASEAN market is a priority for the EU. Negotiations for an EU-ASEAN trade and investment agreement between the regions started in 2007 and were interrupted by mutual agreement in 2009 to become a bilateral negotiating format. EU bilateral aid supports Indonesia`s reform policy in the field of basic education. It also provides for budget support of €180 million. In addition, the EU is contributing €20 million to a technical cooperation facility that supports analytical work to develop public education policies and an additional €35 million to promote minimum standards in education in 110 districts deemed insufficient.  The European Union and Indonesia have established strong trade relations, with bilateral trade amounting to around €25 billion in 2012, resulting in a considerable trade surplus of €5.7 billion for Indonesia and the European Union.
In recent years, trade between the EU and Indonesia has been marked by an upward trend. While total trade still amounted to almost €16 billion in 2009, it already amounted to €23.5 billion in 2011. For the EU, Indonesia is the 24th largest source of imports (0.9%) and thirty the largest export target (0.6%). .