Jakarta, Aug. 22 -- Indonesia's upcoming trade agreement with the European Union will deliver its highest tariff commitments in any trade pact, Trade Minister Budi Santoso said.

Speaking at an IEU-CEPA implementation dialogue in Jakarta on Friday, Budi said the agreement would significantly expand access for Indonesian products to Europe at competitive tariff rates.

Once implemented, the deal will liberalize about 98 percent of tariff lines, covering 99.5 percent of total import value between Indonesia and the EU.

The tariff cuts are expected to give Indonesian exporters access to the EU's 450 million consumers and its combined gross domestic product of about US$22 trillion.

Several key Indonesian exports, including palm oil and deriv...