President Prabowo Subianto of Indonesia and President Ursula von der Leyen of the European Commission have officially announced a significant breakthrough in the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union. This milestone comes after a decade of discussions. The joint press conference in Brussels revealed that both parties had reached a crucial understanding.
President Prabowo expressed his pleasure at the achievement, stating that the finalized agreement towards a Comprehensive Economic Partnership, essentially a free trade agreement, showcased mutual benefits and a constructive approach to economic interests. He emphasized the complementary nature of the two parties’ interests, highlighting the strategic importance of the Indonesia–EU partnership amidst global uncertainties.
President von der Leyen echoed the sentiment, praising Prabowo’s leadership in successfully concluding the negotiations. The agreement symbolizes a significant step towards a long-term partnership based on shared values. The formal signing of the implementation agreement is hoped to take place in Brussels, marking a historic moment in Indonesia–EU relations and promising economic benefits for both regions.
