Prabowo Finalizes EU CEPA Talks: Indonesian Products to Enter European Market

Indonesia and the European Union have successfully concluded negotiations to establish the Comprehensive Economic Partnership Agreement (CEPA) after a decade-long process. This agreement will open up broader market access for Indonesian products in Europe. President Prabowo Subianto, alongside European Commission President Ursula von der Leyen, announced this significant milestone at a joint press conference in Brussels. Both leaders highlighted the mutual benefits of this agreement, emphasizing their complementary economic interests. The CEPA is described as an ambitious free trade agreement that will facilitate trade between the two regions. It will provide increased market access for Indonesian products in various sectors, such as agriculture, automotive, services, and critical raw materials. President von der Leyen also acknowledged Indonesia’s strategic importance in global supply chains, particularly in supporting clean energy and digital transitions. With a combined market of 730 million people, the implementation of CEPA is expected to strengthen trade relations between Indonesia and the EU. President Prabowo expressed his hopes for the signing of the agreement to take place in Brussels as a symbol of long-term commitment between the two partners.

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