An announcement of a significant breakthrough in the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union has been made by President of the Republic of Indonesia, Prabowo Subianto, and President of the European Commission, Ursula von der Leyen. This momentous deal, following a decade of negotiations, was officially declared during a joint press conference in Brussels. President Prabowo expressed his pleasure in reaching this important breakthrough, emphasizing the mutually beneficial understanding that was achieved after ten years of discussions. The agreement, which essentially establishes a free trade agreement, reflects the successful accommodation of both parties’ economic interests in a constructive manner. President Prabowo also highlighted the strategic significance of the Indonesia-EU partnership amidst global uncertainties, stating that this collaboration could contribute to economic and geopolitical stability on a global scale. President Ursula von der Leyen commended Prabowo’s leadership in bringing the negotiations to a close and announced the political agreement on an ambitious free trade agreement – the CEPA. The agreement signifies a major milestone in building a long-term partnership based on shared values. With the conclusion of this decade-long negotiation, Indonesia-EU relations are poised to benefit from tangible economic gains.
Prabowo Breaks Deadlock: Indonesia-EU Seal CEPA Trade Talks
