Indonesia, EU unveil ‘political agreement’ on trade deal
The deal, the Comprehensive Economic Partnership Agreement, is expected to be concluded in September
“We’re living in turbulent times and when economic uncertainty meets geopolitical volatility, partners like us must come closer together. So today we’re taking a big step forward in this partnership,” von der Leyen told journalists in Brussels.
“I am very pleased to report that we have just reached a political agreement on an ambitious free trade agreement.”
A European Commission statement called Sunday’s agreement a “decisive milestone” towards striking the deal, which is to be concluded in September by EU trade chief Maros Sefcovic and Indonesia’s chief economic minister Airlangga Hartarto.
“There’s a lot of untapped potential in our trade relationship. And therefore this agreement comes at the right time, because the new agreement will open new markets,” von der Leyen said.
“It will create more opportunities in key industries, in business activity and agriculture, in automotive and in services.”