EU, Indonesia strike political agreement to advance free trade deal

FILE PHOTO: Future of Energy Security Summit in London

FILE PHOTO: European Commission President Ursula von der Leyen delivers a keynote speech during the Future of Energy Security Summit, hosted by the International Energy Agency and UK Government at Lancaster House in London, on April 24, 2025. JUSTIN TALLIS/Pool via REUTERS/File Photo

Source: Pool

A political agreement was reached to advance the EU-Indonesia free trade deal, European Commission President Ursula von der Leyen said on Sunday.

The trade deal, dubbed CEPA for Comprehensive Economic Partnership Agreement, will create more opportunities in key industries such as agriculture and the automotive sector, von der Leyen added.

"There's a lot of untouched potential in our trade relationship and therefore this agreement comes at the right time because the new agreement will open new markets", she said at a press conference with Indonesian President Prabowo Subianto.

"We consider Europe to be very important to us. That's why we would like to see more European presence and more European participation in our economy," Subianto said. "I think that in this era of instability or confusion, we are setting a right example."

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This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters