The European Commission announced it concluded a trade deal with Indonesia on Tuesday, lifting tariff barriers on 98% of EU products exported to Indonesia.
“In a world of rising protectionism and fragile supply chains, when many turn inward, the CEPA [Comprehensive Economic Partnership Agreement] sends a clear signal that the EU and Indonesia are choosing openness and partnership to boost their competitiveness, create jobs and strengthen resilience,” EU Trade Commissioner Maroš Šefčovič said during a trip to Bali on before the deal was closed on Monday.
