President of Indonesia, Prabowo Subianto, celebrated the successful conclusion of the Comprehensive Economic Partnership Agreement (CEPA) negotiations with the European Union. This agreement marks a significant milestone, opening up greater access for Indonesian products and commodities in the EU market. After a decade of negotiations, President Prabowo expressed his satisfaction at reaching this breakthrough during his meeting with European Council President António Costa in Brussels.
CEPA represents a free trade agreement between Indonesia and the EU, with all previously contested trade issues now resolved. President Prabowo emphasized the positive impact of this partnership, highlighting the benefits both parties bring to the table. He acknowledged Europe’s strengths in science, technology, finance, and managerial expertise, while Indonesia offers valuable resources and strategic agricultural commodities.
The agreement is perceived as mutually beneficial, with President Prabowo underlining the importance of the EU’s commitment to global stability. He expressed his hopes for deeper cooperation in a world characterized by multipolarity. The CEPA deal is expected to lay the groundwork for increased economic, trade, and investment collaboration between Indonesia and the EU, ushering in a new strategic phase of bilateral relations.
Overall, Prabowo sees Europe playing a crucial role in maintaining global peace and stability, and looks forward to the opportunities that this agreement will bring for both parties.
