After a decade of protracted negotiations, the President of the Republic of Indonesia, Prabowo Subianto, and the President of the European Commission, Ursula von der Leyen, have officially announced a significant breakthrough in the long-standing Comprehensive Economic Partnership Agreement (CEPA) discussions between Indonesia and the European Union. This milestone was unveiled at a joint press conference in Brussels on Sunday (13 July), where President Prabowo declared that both sides had achieved a crucial and strategic understanding. The agreement essentially establishes a free trade agreement between the two parties, showcasing a mutually beneficial understanding that accommodates their respective economic interests in a harmonious manner. President Prabowo highlighted the strategic importance of the Indonesia-EU partnership amid global uncertainties, emphasizing its role in fostering economic and geopolitical stability. The successful resolution of all major differences in the negotiation process was also praised, with President Ursula von der Leyen commending President Prabowo’s leadership in reaching a political agreement on the CEPA. This partnership signifies a milestone in building a long-term relationship rooted in shared values and is poised to bring tangible benefits to both economies. The formal signing of the implementation agreement in Brussels is eagerly anticipated, marking a significant chapter in Indonesia-EU relations.
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