Prabowo’s Breakthrough: Indonesia-EU Seal 10-Year CEPA Trade Deal

After a decade of negotiations, President Prabowo Subianto of Indonesia and President Ursula von der Leyen of the European Commission have finally announced a breakthrough in the Comprehensive Economic Partnership Agreement (CEPA) talks between Indonesia and the European Union. The joint press conference held in Brussels revealed the successful conclusion of a free trade agreement that accommodates the economic interests of both parties. President Prabowo hailed the strategic understanding as mutually beneficial, emphasizing the complementary nature of their economic interests. This partnership is seen as crucial amid global uncertainty, with the potential to contribute to economic and geopolitical stability. President von der Leyen praised President Prabowo’s leadership in reaching the agreement, marking a milestone in establishing a long-term partnership based on shared values. The resolution of all major differences in the negotiation process reflects a significant achievement for both Indonesia and the EU. The formal signing of the agreement’s implementation is hoped to take place in Brussels, symbolizing the positive progress in Indonesia-EU relations that is expected to bring tangible benefits to both economies.

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