Indonesia and the European Union have reached a significant milestone in finalizing the Comprehensive Economic Partnership Agreement (CEPA). This important agreement follows a high-level meeting between Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen in Brussels. President von der Leyen emphasized that the CEPA will bring about economic opportunities in various sectors, strengthening supply chains for critical raw materials needed for energy and digital transitions, with a focus on environmental and social responsibility.
President Prabowo welcomed the agreement as a major step forward in Indonesia-EU economic relations, highlighting the alignment of economic interests between the two parties. He underscored the importance of a strategic partnership between Indonesia and Europe in the face of global uncertainties. Both leaders expressed their satisfaction with the progress made in resolving issues and achieving a strategic breakthrough, paving the way for significant economic benefits for both sides.
The CEPA agreement signifies a new chapter in the Indonesia-EU strategic partnership, with a strong emphasis on job creation, investment, and shared economic growth. President Prabowo expressed hope that the formal signing of the CEPA implementation agreement would take place in Brussels, emphasizing the importance of long-term partnerships built on trust, transparency, and shared values.
This partnership between Indonesia and the EU holds great potential for contributing to global economic and geopolitical stability, leveraging Europe’s expertise in science, technology, and finance with Indonesia’s strategic natural resources. The CEPA agreement sets the stage for enhanced cooperation in key sectors like agriculture, automotive, and services, promoting responsible supply chains and local value-added. President von der Leyen emphasized the mutual benefits of this partnership, highlighting the message of trust and shared values underpinning the agreement.