After a decade-long negotiation process, Indonesia and the European Union have officially reached a political agreement to conclude the Comprehensive Economic Partnership Agreement (CEPA). This agreement signifies a significant milestone that will lead to expanded market access for Indonesian products across Europe. Indonesian President Prabowo Subianto, together with European Commission President Ursula von der Leyen, announced the breakthrough during a joint press conference in Brussels. President Prabowo hailed the achievement as a critical milestone amid global uncertainty, emphasizing the successful reconciliation of previously differing economic interests between both sides. President von der Leyen commended Prabowo’s leadership in bringing the negotiations to a close and described CEPA as an ambitious and timely free trade agreement that holds immense economic potential for both parties. The agreement will open up broader market access for Indonesian products in various sectors, such as agriculture, automotive, services, and critical raw materials. With a combined market of 730 million people between Indonesia and the EU, CEPA is seen as a game-changer in enhancing trade relations between the two regions. Prabowo expressed hopes that the implementation signing of CEPA would take place in Brussels, symbolizing a long-term commitment between the two partners.
Prabowo Finalizes EU CEPA Talks: Indonesian Products Enter European Market
