Prabowo reaches agreement with the European Union during a high-level bilateral meeting aimed at advancing the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA). Both parties agreed to accelerate the negotiation process and set a clear timeline, targeting finalization of the deal by September 2025.
IEU-CEPA: A Strategic Trade Deal in Progress
The IEU-CEPA has been under negotiation for several years, involving complex discussions on market access, tariff reductions, and regulatory cooperation. This agreement is expected to enhance economic ties between Indonesia and EU member states, creating broader opportunities for trade, investment, and technology exchange.
Prabowo’s Commitment to Economic Diplomacy
As President-elect, Prabowo Subianto shows strong commitment to strengthening Indonesia’s role in the global economy. By pushing forward the IEU-CEPA talks, he demonstrates an active approach to economic diplomacy and long-term strategic planning. His administration plans to focus on inclusive growth through global partnerships.
European Union Welcomes Constructive Progress
The European Union positively responds to Indonesia’s willingness to accelerate the deal. EU representatives praise Indonesia’s reform efforts and transparency during the negotiation process. They see IEU-CEPA as a vital tool to promote sustainable development and mutual economic benefits.
Impact of IEU-CEPA on Indonesia’s Economy
Once finalized, the IEU-CEPA will offer Indonesian businesses greater access to the European market. It is expected to boost exports, attract foreign direct investment, and support the growth of key sectors such as manufacturing, renewable energy, and services. Analysts believe the agreement will modernize Indonesia’s trade infrastructure.
Next Steps Before the September 2025 Deadline
Both sides agreed to hold additional negotiation rounds throughout 2024 and early 2025. Technical working groups will finalize remaining chapters, including dispute resolution, labor standards, and environmental safeguards. The Indonesian government also plans to involve domestic stakeholders to ensure the agreement reflects national interests.
Conclusion: Prabowo Strengthens Global Trade Position
Prabowo reaches agreement with the European Union to conclude IEU-CEPA by September 2025. This strategic move signals Indonesia’s readiness to embrace deeper economic cooperation with the West. As both parties finalize terms, the agreement is set to become one of Indonesia’s most comprehensive trade partnerships in the modern era.
