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 will provide broader market access for Indonesian products across Europe. At a joint press conference in Brussels, Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen hailed this breakthrough as a critical achievement amid global uncertainty. Prabowo emphasized the significance of finalizing the agreement after years of negotiation, describing it as a free trade agreement that accommodates both sides’ economic priorities. Both leaders expressed mutual appreciation for reaching a compromise that serves their complementary and advantageous interests. Von der Leyen highlighted Indonesia’s strategic role in global supply chains, particularly in supporting the EU’s clean energy and digital transitions. CEPA will expand market access for Indonesian products in sectors such as agriculture, automotive, services, and critical raw materials, aiming for secure and responsible supply chains. With a combined market of 730 million people, the implementation of CEPA is seen as a potential game changer in trade relations between Indonesia and the EU. Prabowo expressed hopes for the signing of CEPA to take place in Brussels, symbolizing a long-term commitment between the two partners.
Prabowo Finalizes Talks for Indonesian Products to Enter European Market
