Jakarta, July 14 -- The Indonesian Chamber of Commerce and Industry (Kadin) expressed optimism that the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) will boost trade between Indonesia and the European Union (EU).

"This is a breakthrough in international trade for Indonesia and the European Union, with negotiations taking almost a decade to conclude," Kadin Chairperson Anindya Bakrie noted in a written statement received on Monday.

Bakrie remarked that in 2024, trade between Indonesia and the EU reached US$30.1 billion, or €27.3 billion, comprising €9.7 billion in EU exports to Indonesia and €17.5 billion in EU imports from Indonesia.

The Kadin chairperson cited the EU-Vietnam CEPA a...