Coordinating Minister for Economic Affairs Airlangga Hartarto has announced the target for signing the Indonesia-European Union Comprehensive Economic Partnership Agreement (CEPA) is this year. Minister Hartarto stated that negotiations are progressing well and both sides are working to finalize the agreement. This CEPA aims to strengthen economic ties between Indonesia and the European Union, fostering increased trade and investment. The agreement is expected to provide Indonesian exporters with greater access to the European market, while also attracting further European investment into Indonesia. Hartarto emphasized the importance of the CEPA for Indonesia’s economic growth and integration into the global economy. Successful completion of the agreement will mark a significant milestone in Indonesia’s international trade relations. The Minister did not specify a precise date for the signing but indicated ongoing momentum towards achieving the year-end goal.

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