Thursday, 23 October 2025 – 15:02 WIB

Jakarta, VIVA – Indonesian President Prabowo Subianto encourages the acceleration of the formation of complete commerce cooperation between Indonesia and Latin American nations inside the framework of the Indonesia–Mercosur Complete Financial Partnership Settlement (CEPA).

The President conveyed this encouragement when receiving the state go to of Brazilian President Luiz Inácio Lula da Silva on the Merdeka Palace, Jakarta, Thursday, which was a follow-up to Prabowo’s go to to Brasilia final July.

“I’m comfortable to see the progress of our bilateral relations, particularly within the financial sector. We proceed to plan in direction of the formation of an Indonesia-Mercosur Complete Financial Partnership Settlement,” mentioned President Prabowo.

Prabowo mentioned that discussions in direction of a complete commerce settlement with the financial bloc of Latin American nations was an necessary step to strengthen Indonesia’s financial relations with the area.

The Head of State assessed that this partnership would offer advantages for the financial progress of each events, contemplating that Indonesia and South American nations are each new financial powers with massive market potential.

“I’m positive that this can strengthen our relationships and can make each our economies and the economies of all Latin America develop extra quickly,” mentioned President Prabowo.

Other than pushing for the formation of CEPA, Prabowo mentioned that Indonesia and Brazil would additionally signal 4 agreements and memorandums of understanding in varied fields.

This step is seen as proof of progress in bilateral relations between the 2 nations within the comparatively brief time for the reason that final assembly in Brazil final July.

“I believe that is proof that we have now labored rapidly. My final assembly with His Majesty was in July, now October, August, September, two months we have now made fast progress,” mentioned Prabowo.

On that event, the President additionally expressed congratulations on Brazil’s 203rd independence day which was celebrated on September 7.

Beforehand, the Indonesian Ministry of Overseas Affairs (Kemlu) said that Indonesia was nonetheless making ready plans to draft a complete financial partnership cooperation settlement (CEPA) with the commerce bloc of South American nations, Mercosur, earlier than negotiations might start.

“Concerning Mercosur, we’re at the moment within the stage of discussing plans for the primary negotiation, so it’s nonetheless at a really early stage,” mentioned Director of America II on the Indonesian Ministry of Overseas Affairs Riris Wusananingdyah at a media assembly in Jakarta, Thursday, 18 September 2025.