Prabowo Subianto, the successor of President Joko Widodo, recently announced a significant development in Indonesia’s trade discussions with the European Union. After a decade of negotiations, both parties have agreed to establish a Comprehensive Economic Partnership Agreement (CEPA), essentially creating a free trade pact. This agreement allows Indonesian products to enter the European market without facing any tariffs. Prabowo emphasized that this deal benefits both sides, with Europe in need of Indonesia’s commodities and market access, while Indonesia can take advantage of Europe’s advancements in technology, science, and capital investment. The agreement also includes a visa cascade system, simplifying the process for Indonesian nationals to secure multiple-entry visas to the Schengen area. This breakthrough marks a crucial advancement in Indonesia’s trade relations with the European Union.
Prabowo: Europe Needs Our Commodities, We Need Their Technology
