President of the Republic of Indonesia, Prabowo Subianto, officially announced the successful conclusion of the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union in Brussels. This agreement is considered a significant achievement that will provide Indonesian products and commodities with broader access to the EU market. Prabowo described the day as historic, marking the end of ten years of negotiations that sometimes presented challenges but ultimately resulted in a breakthrough.
CEPA signifies a free trade agreement between Indonesia and the European Union, resolving all previously disputed trade items as confirmed by President Prabowo. He expressed satisfaction that almost all items have been agreed upon, with no outstanding issues remaining. He highlighted the eagerness for increased European involvement in the Indonesian economy while emphasizing Indonesia’s readiness to further engage with the EU economy.
The partnership between Indonesia and the EU is viewed as mutually beneficial, with the EU contributing expertise in science, technology, finance, and management, and Indonesia offering vital resources and valuable agricultural commodities. Prabowo emphasized the symbiotic relationship between the two parties, underscoring the advantages that this strategic agreement can bring to both sides.
President Prabowo commended the EU’s dedication to promoting peace and global stability, emphasizing the need for deeper cooperation in today’s increasingly multipolar world. The CEPA agreement is anticipated to lay the groundwork for expanded economic, trade, and investment collaboration between Indonesia and the EU, signaling a new phase of strategic bilateral relations. Prabowo expressed optimism for the future and the positive impact this agreement will have on both parties.
