Indonesia and the European Union have made significant progress towards finalizing the Comprehensive Economic Partnership Agreement (CEPA). This milestone was officially announced after a meeting between Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen in Brussels. President von der Leyen highlighted that the CEPA would open up new economic opportunities in various sectors, emphasizing responsible supply chains for critical raw materials essential for energy and digital transitions.
President Prabowo welcomed the agreement, noting that both Indonesia and the EU have aligned their economic interests successfully. He emphasized the importance of a strategic partnership between the two, citing Europe’s leadership in science, technology, and finance coupled with Indonesia’s strategic natural resources.
The agreement signifies a new chapter in the Indonesia-EU partnership, focusing on job creation, investment, and shared economic growth. With no major outstanding issues between the two parties, the CEPA is poised to benefit both Indonesia and the European Union economically. President Prabowo expressed hope for the formal signing of the CEPA implementation agreement to take place in Brussels, highlighting the significance of long-term partnerships built on trust and shared values.
Prabowo Finalizes CEPA with EU: New Jobs Surge for Indonesia
