Jakarta, July 3 -- Coordinating Minister for Economic Affairs Airlangga Hartarto announced significant progress in talks surrounding the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEUCEPA), noting the European Commission's move to submit a conclusion proposal at the EU Council.

The proposal also covers the Investment Protection Agreement (IPA), marking a crucial stage in the years-long negotiations.

"Indonesian President Prabowo Subianto hopes this development will serve as a game changer for the global market," Airlangga remarked, as cited in a statement here on Friday.

He added that, as Southeast Asia's largest economy, Indonesia is well positioned to work with the European Union to expand markets and gene...