Indonesia and the European Union have successfully advanced towards finalizing the Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in their economic relations. The agreement, announced after a meeting between Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen in Brussels, aims to unlock economic opportunities across various sectors and enhance supply chains for critical raw materials essential for energy and digital transitions.
President von der Leyen highlighted that CEPA would open new markets and create prospects in key sectors such as agriculture, automotive, and services, emphasizing the importance of responsible supply chains that prioritize environmental sustainability, local communities, job creation, and added value. President Prabowo welcomed the agreement, emphasizing the alignment of economic interests between Indonesia and the EU and the complementary nature of their economic priorities.
The strategic partnership between Indonesia and Europe, as emphasized by Prabowo, holds significance amidst global uncertainties, leveraging Europe’s expertise in science, technology, and finance with Indonesia’s strategic natural resources. Both leaders expressed mutual satisfaction in resolving outstanding issues and achieving a strategic breakthrough, paving the way for enhanced economic and geopolitical stability.
President von der Leyen stressed the economic benefits that the partnership would bring, emphasizing the importance of long-term partnerships built on trust, respect, transparency, and shared values. The CEPA agreement signifies a new phase in the Indonesia-EU relationship, focusing on job creation, investment, and mutual economic growth. Prabowo expressed hope for the formal signing of the CEPA implementation agreement in Brussels, underlining a strong commitment to fostering enduring and fruitful cooperation between Indonesia and the EU.
