Trump announces trade deal with Indonesia, 19% tariff
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A political agreement was reached to advance the EU-Indonesia free trade deal, European Commission President Ursula von der Leyen said on Sunday.
Facing significant U.S. tariffs, Jakarta and Brussels have expedited negotiations on the Comprehensive Economic Partnership Agreement.
The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.
Jakarta. Indonesia and the European Union (EU) have entered a new chapter in their bilateral ties as they moved closer to securing a free trade agreement.
Indonesian President Prabowo Subianto described reaching a political agreement with the EU as a "breakthrough" after 10 years of negotiations, affirming that his country considers Europe a very important trading partner.