00:00The European Union and Indonesia have finalized a major trade agreement set to be signed next week.
00:07Officials say that the recent tariff measures by United States President Donald Trump helped accelerate the pace of the negotiations.
00:18According to the Financial Times, EU Trade Commissioner Mara Sefkovic will travel to Jakarta on September 23 for the signing ceremony.
00:27Neither the EU Trade Office in Brussels nor Indonesia's Foreign Ministry has responded to requests for comment.
00:34Indonesia has confirmed that the agreement will remove tariffs on 80% of its exports within one to two years of enforcement.
00:42Back in July, European Commission President Ursula von der Leyen announced that both sides had reached a political consensus to advance the deal,
00:50formerly known as the Comprehensive Economic Partnership Agreement.
00:54The agreement is being seen as a significant step in strengthening economic ties between Europe and Southeast Asia.
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