Indonesia and the European Union have achieved a significant milestone in finalizing the Comprehensive Economic Partnership Agreement (CEPA). The announcement came after 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 CEPA would open up new economic opportunities in various sectors and strengthen supply chains for critical raw materials needed in the energy and digital transitions. She highlighted the importance of economic partnerships rooted in environmental and social responsibility.
President Prabowo welcomed the agreement, stating that it marks a major milestone in Indonesia-EU economic relations. He emphasized the strategic partnership between Indonesia and Europe, citing the complementary nature of their economic interests. Both leaders expressed optimism about the economic benefits that this partnership would bring, emphasizing the importance of long-term partnerships built on trust, mutual respect, transparency, and shared values.
The CEPA agreement signifies a new chapter in the Indonesia-EU strategic partnership, with a focus on job creation, investment, and shared economic growth. President Prabowo expressed hope for the formal signing of the CEPA implementation agreement in Brussels, underscoring the promising future of economic cooperation between Indonesia and the EU.
