President of Indonesia, Prabowo Subianto, announced the successful conclusion of the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union. This breakthrough agreement opens up broader access for Indonesian products and commodities to enter the EU market. Prabowo described the day as historic, marking the end of ten years of sometimes challenging negotiations. The CEPA represents a free trade agreement between Indonesia and the European Union with all previously contested trade issues now resolved. Prabowo expressed satisfaction that almost all items have been agreed upon with no outstanding issues left. He highlighted the mutual benefits of the Indonesia-EU partnership, where the EU offers expertise in science, technology, finance, and management, while Indonesia provides critical resources and agricultural commodities essential for both parties. Prabowo also appreciated the EU’s commitment to global peace and stability, emphasizing the importance of deeper cooperation in a multipolar world. The CEPA agreement is expected to strengthen economic, trade, and investment cooperation between Indonesia and the EU, signaling a new strategic phase in bilateral relations.
CEPA Finalized: Indonesian Products Granted Access to EU Market
