President of the Republic of Indonesia, Prabowo Subianto, recently announced the successful conclusion of the Comprehensive Economic Partnership Agreement (CEPA) negotiations between Indonesia and the European Union. This milestone agreement is set to facilitate broader access for Indonesian products and commodities into the EU market, marking a significant breakthrough after a decade of challenging negotiations.
During a meeting with European Council President António Costa in Brussels on Sunday, Prabowo expressed his satisfaction with the finalization of the CEPA, which essentially establishes a free trade agreement between Indonesia and the European Union. He highlighted that all previously disputed trade items have been effectively addressed and resolved, signifying a positive outcome for both parties involved.
Prabowo also emphasized the mutually advantageous nature of the Indonesia-EU partnership, where the European Union contributes expertise in science, technology, finance, and management, while Indonesia offers crucial resources and strategic agricultural commodities. This symbiotic relationship is expected to foster greater economic cooperation and mutual benefits through the strategic agreement.
Furthermore, President Prabowo commended the EU’s dedication to global peace and stability, underscoring the importance of deeper cooperation in an increasingly complex and multipolar world. The CEPA agreement is poised to serve as a strong foundation for enhanced economic, trade, and investment collaboration between Indonesia and the European Union, propelling both parties into a new phase of strategic bilateral relations.
Overall, the successful finalization of the CEPA marks a significant achievement for Indonesia and the European Union, opening doors for increased trade opportunities and fostering stronger ties between the two entities in the global economic landscape.
Prabowo Facilitates Indonesian Products to Enter EU Market


