Indonesia and the European Union have successfully concluded the Comprehensive Economic Partnership Agreement (CEPA) following a decade-long negotiation process. This milestone agreement, announced during a joint press conference in Brussels by Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen, signifies broader market access for Indonesian products in Europe. Prabowo hailed the agreement as a critical achievement amid global uncertainty, emphasizing the mutually beneficial nature of the cooperation that reconciled previously differing economic interests. Von der Leyen, on the other hand, lauded Indonesia’s strategic role in global supply chains, particularly in supporting the EU’s clean energy and digital transitions. CEPA will provide wider market access for Indonesian products in various sectors, including agriculture, automotive, services, and critical raw materials, with a focus on responsible sourcing and job creation. With a combined market of 730 million people between Indonesia and the EU, the implementation of CEPA is poised to be a game-changer in trade relations between the two regions. Prabowo expressed hopes for the signing of the agreement to take place in Brussels as a symbol of the long-term commitment between the two partners.
Prabowo Finalizes EU CEPA Talks: Indonesian Products Ready for European Market
