President of Indonesia, Prabowo Subianto, proudly announced the successful conclusion of the Comprehensive Economic Partnership Agreement (CEPA) negotiations with the European Union, marking a significant milestone in expanding market access for Indonesian products. After a decade of challenging negotiations, the breakthrough was hailed as a historic achievement during Prabowo’s meeting with European Council President António Costa in Brussels. CEPA signifies a free trade agreement between Indonesia and the EU, with all previously disputed trade items now resolved. Prabowo expressed satisfaction that almost all aspects of the agreement have been agreed upon, signaling a new era of economic cooperation between the two regions. Emphasizing the mutual benefits of the partnership, Prabowo highlighted Indonesia’s valuable resources and strategic commodities, which complement Europe’s expertise in science, technology, and finance. The CEPA pact is expected to foster increased economic, trade, and investment collaboration, marking the beginning of a new strategic phase in bilateral relations between Indonesia and the European Union. President Prabowo also commended the EU’s dedication to global peace and stability, underscoring the importance of deeper cooperation in today’s multipolar world.
CEPA Finalized: Prabowo Opens Door for Indonesian Products in EU Market
