EU and Indonesia conclude negotiations on free trade agreement

Following the political agreement reached on 13 July by President von der Leyen and President Prabowo Subianto, now the EU and Indonesia finalised negotiations for a Comprehensive Economic Partnership Agreement (CEPA) and an Investment Protection Agreement (IPA). On the EU side, negotiations were led by Commissioner for Trade and Economic Security Maroš Šefčovič. Currently in Indonesia, he is marking this historic milestone and engaging with both European and Indonesian businesses to support the upcoming ratification and next steps.

Mutually beneficial agreements

These comprehensive, forward-looking, and mutually beneficial agreements are a key milestone in delivering on the EU's strategy of diversification and partnerships, strengthening trade and investment ties with a major economy, and creating new export opportunities and more secure supply chains for energy and raw materials.

European Commission President, Ursula von der Leyen, said: “We have made a commitment to double down on diversification and partnerships, to further support EU jobs and boost growth. Our deal with Indonesia creates new opportunities for businesses and farmers in a major and growing economy. This also provides us with a stable and predictable supply of critical raw materials, essential for Europe's clean tech and steel industry.”

More details and a comprehensive overview of the contents is displayed in the source description. 

Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_25_2168