A political settlement was reached to advance the EU-Indonesia free commerce settlement (FTA), European Commission President Ursula von der Leyen mentioned Sunday.
The commerce deal, dubbed CEPA and brief for Comprehensive Economic Partnership Agreement, will create extra alternatives in key industries comparable to agriculture and the automotive sector, von der Leyen added.
“There’s a lot of untouched potential in our trade relationship, and therefore this agreement comes at the right time because the new agreement will open new markets,” she mentioned at a news convention with Indonesian President Prabowo Subianto.
“We consider Europe to be very important to us. That’s why we would like to see more European presence and more European participation in our economy,” Subianto mentioned. “I think that in this era of instability or confusion, we are setting the right example.”
Source: www.dailysabah.com