After nearly a decade of talks, Indonesia and the European Union aim to finalize a free trade deal by the end of June.
Indonesia’s chief economic minister, Airlangga Hartarto, announced that negotiations with the European Union on a free trade agreement are nearing completion, with a deal expected by the end of June 2025. The statement followed his meeting with EU Trade Commissioner Maros Sefcovic in Brussels. While specific agreements remain undisclosed, both sides appear committed to resolving remaining issues. The EU is Indonesia’s fifth-largest trade partner, with $30.1 billion in trade last year. Disagreements have previously centered on EU deforestation regulations and Indonesia’s raw mineral export ban. Amid rising U.S. tariffs, Indonesia is eager to diversify its trade partners.
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Hungary’s foreign minister on Wednesday criticised European plans to establish military hubs in Ukraine, saying the move risks pushing Europe closer to a direct confrontation with Russia.
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Ukrainian President Volodymyr Zelenskyy sought to advance EU membership discussions and secure stricter sanctions on Russia during a meeting on Wednesday as Cyprus took over the European Union's rotating presidency.
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Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
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