Source: European Commission
EU Trade Commissioner Cecilia Malmström and Indonesian Minister of Trade Tom Lembong today agreed to officially launch the negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between the EU and Indonesia with the aim to deepen and strengthen a key aspect of the bilateral relationship.
The announcement follows today’s decision by the EU Council to give the green light to the European Commission to open negotiations based on intense preparatory work in the last couple of months.
Commissioner Malmström and Minister Lembong jointly declared: “The EU and Indonesia represent a huge market of 750 million consumers. These negotiations are key to unleash synergies between our economies. Our trade relationship has enormous untapped potential. The EU – the world’s largest trading block – and Indonesia – the largest player in the dynamic region of South-East Asia – have lots to gain from a deeper trade and i…