Indonesia’s President, Prabowo Subianto, has announced the successful completion of negotiations for the Comprehensive Economic Partnership Agreement (CEPA) with the European Union. This agreement marks a significant milestone in increasing access for Indonesian products and commodities in the EU market. After a decade of negotiations, President Prabowo expressed his delight during a meeting with European Council President António Costa in Brussels, highlighting the resolution of all previously contested trade items.
The CEPA serves as a free trade agreement between Indonesia and the EU, with President Prabowo stressing the importance of the mutually beneficial partnership. While the EU brings expertise in science, technology, finance, and management, Indonesia provides essential resources and strategic agricultural commodities. This symbiotic relationship is seen as a strategic agreement that will benefit both parties.
President Prabowo also lauded the EU’s commitment to global peace and stability, emphasizing the need for deeper cooperation in today’s multipolar world. The CEPA agreement is expected to bolster economic, trade, and investment collaboration between Indonesia and the EU, setting the stage for a new phase of strategic bilateral relations. Through this agreement, both parties are poised to enhance their economic ties and foster greater cooperation for mutual growth and development.
