Indonesia and the European Union have taken a significant step in finalizing the Comprehensive Economic Partnership Agreement (CEPA) during a meeting between Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen in Brussels. The agreement aims to create new economic opportunities in various sectors and enhance supply chains for critical raw materials needed for energy and digital transitions. President von der Leyen highlighted the importance of responsible supply chains, emphasizing environmental and social responsibility in the EU’s economic partnerships.
President Prabowo welcomed the agreement as a key milestone in Indonesia-EU economic relations, noting the alignment of economic interests between both sides. He emphasized the significance of a strategic partnership between Indonesia and Europe, citing the complementary nature of their interests. The partnership is expected to contribute to global economic stability, with Europe’s expertise in science, technology, and finance combined with Indonesia’s strategic natural resources.
Both leaders expressed optimism about the economic benefits that the partnership would bring, underscoring the importance of long-term, transparent, and values-driven collaborations. The successful resolution of outstanding issues between the EU and Indonesia paved the way for the formal signing of the CEPA implementation agreement. The agreement signals a new phase in the Indonesia-EU strategic partnership, focusing on job creation, investment, and shared economic growth.