EU, Indonesia Seal Zero-Tariff Trade Deal for Nearly All Goods

The European Union (EU) and Indonesia have reached a trade agreement that will eliminate or significantly reduce tariffs on almost all goods traded between the two regions. This deal is seen as a strategic move amid the ongoing trade tensions caused by US President Donald Trump's policies. The agreement, known as the Indonesia-EU Comprehensive Economic Partnership Agreement (CEPA), aims to strengthen economic ties between the EU and Indonesia, one of the largest economies in Southeast Asia. It covers a wide range of products, including agricultural goods, industrial items, and services. The elimination of tariffs is expected to increase trade and investment opportunities for businesses on both sides, potentially leading to economic growth and job creation. The deal also includes provisions for intellectual property protection, sustainable development, and the facilitation of cross-border trade. The successful conclusion of this trade agreement is a significant achievement, showcasing the EU's commitment to multilateral cooperation and free trade in the face of growing protectionism globally.