Following the political agreement reached on 13 July by President von der Leyen and President Prabowo Subianto, today 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.
European Commission President, Ursula von der Leyen, said: “We have made a commitment to double down on diversification and partnerships, to support EU jobs and growth and to reduce our dependencies. Our deal with Indonesia does just that. It opens great opportunities for businesses and farmers in a major and growing economy and provide with a stable and predictable supply of critical raw materials, essential for Europe’s clean tech and steel industry.”
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