Indonesia and the EU have finally reached “a political agreement” on a long-delayed trade agreement, and Indonesian President Prabowo Subianto celebrated as guest of honour at France’s annual Bastille Day parade in Paris.

The 27-nation European bloc and Southeast Asia's largest economy have been negotiating since 2016 to agree a deal that is expected to increase trade and investment.

The European Union and Indonesia reached an agreement on Sunday to move ahead on a trade deal, marking a major breakthrough between two of the world’s largest economies against the backdrop of global trade tensions.