EU and Indonesia reach political agreement on free trade deal, set to sign CEPA in Jakarta this year.

The EU and Indonesia have reached a political agreement to advance their free trade deal, aiming to strengthen economic ties and unlock new market opportunities. The Comprehensive Economic Partnership Agreement (CEPA) covers trade in goods, services, investment, and sustainable growth. After over 19 rounds of negotiations, the deal is set to be signed in Jakarta this year, finalizing a decade-long process. Indonesian President Prabowo Subianto and EU Commission President Ursula von der Leyen highlighted the agreement's significance amid global trade uncertainties.