Prabowo Ends Deadlock with EU: Indonesia–EU CEPA Trade Deal

President Prabowo Subianto of the Republic of Indonesia and President Ursula von der Leyen of the European Commission recently announced a significant breakthrough in the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union after a decade of discussions. In a joint press conference in Brussels, President Prabowo revealed that both sides had reached a crucial understanding, finalizing the agreement toward a Comprehensive Economic Partnership that amounts to a free trade agreement. This development emphasizes the mutually beneficial nature of the deal, with both parties successfully accommodating each other’s economic interests. President Prabowo highlighted the strategic importance of the partnership, noting its potential to contribute to global economic and geopolitical stability. President von der Leyen commended Prabowo’s leadership in bringing the negotiations to a successful close, emphasizing the agreement’s significance in building a long-term partnership based on shared values. The conclusion of this decade-long negotiation represents a major milestone in Indonesia-EU relations and is poised to bring tangible benefits to both economies.

Source link