President of the Republic of Indonesia, Prabowo Subianto, and President of the European Commission, Ursula von der Leyen, have announced a breakthrough in the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union. This deal comes after a decade of discussions.
During a joint press conference in Brussels, President Prabowo stated that both parties had reached a significant understanding. He highlighted the importance of the agreement as a free trade agreement, emphasizing the mutually beneficial nature of the negotiations. President Prabowo also stressed the strategic significance of the partnership in ensuring economic and geopolitical stability amid global uncertainties.
President Ursula von der Leyen commended Prabowo for his leadership in concluding the negotiations, announcing a political agreement on the CEPA. She emphasized the shared values between Indonesia and the EU, underscoring the importance of a long-term and trustworthy partnership. The conclusion of this decade-long negotiation signifies a major milestone in Indonesia-EU relations, poised to bring substantial benefits to both economies.
