Prabowo Secures Indonesia-EU CEPA Trade Deal

President of the Republic of Indonesia, Prabowo Subianto, and President of the European Commission, Ursula von der Leyen, have announced a significant breakthrough in the Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and the European Union after a decade of negotiations. The agreement, declared during a joint press conference in Brussels, signifies a mutual understanding that promotes free trade between the two parties. President Prabowo highlighted the positive outcome achieved through accommodating each other’s economic interests, emphasizing the strategic importance of the partnership amid global uncertainties. President von der Leyen acknowledged the successful collaboration and praised Prabowo’s leadership in finalizing the agreement, which aims to establish a long-term partnership based on shared values. The conclusion of this negotiation is anticipated to bring substantial economic benefits to both Indonesia and the EU.

Source link