Indonesia & EU Ink CEPA in Bali 🌴🌐
After nine years of back-and-forth since the first talks in Brussels in 2016, Indonesia and the European Union just signed the Comprehensive Economic Partnership Agreement (CEPA) in Bali. This is a landmark win for anyone following global trade, tech, and sustainability trends!
What’s in the Deal?
- Almost Zero Tariffs: 98% of goods get preferential treatment.
- Hot Exports: Palm oil, textiles, footwear, and processed agri-prods are set to shine.
- New Frontiers: Electronics, high-tech gadgets, and digital trade get a boost.
Why It Matters for You
For young pros eyeing careers in tech, e-commerce, or green energy, this pact means:
- More job opportunities in digital startups as cross-border e-trade ramps up.
- Better supply chain diversity, especially for critical minerals like nickel and cobalt – key for your future EV battery and gadgets.
- Stronger investment flows: European companies will likely pour more into Indonesia’s growing market.
Looking Ahead
Trade value (which was $30.1B in 2024) is expected to double in the first five years once CEPA kicks in around early 2027. Plus, Indonesia joins Singapore and Vietnam as the third Southeast Asian member to seal a CEPA with the EU. 🌍
Bottom line: Whether you’re running an online shop, coding the next big app, or just curious about global trends, keep an eye on how this deal reshapes the region’s economy. Fasten your seatbelts – exciting times are ahead!
Reference(s):
Indonesia, EU sign economic partnership deal after 9 years of talks
cgtn.com
