Indonesia and the European Union have taken a significant step towards finalizing the Comprehensive Economic Partnership Agreement (CEPA). Following a meeting between Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen in Brussels, the agreement was announced, showing a commitment to unlock economic opportunities and strengthen supply chains. President von der Leyen emphasized the importance of responsible supply chains and the need for environmental and social responsibility in economic partnerships.
President Prabowo welcomed the agreement as a milestone in Indonesia-EU economic relations, emphasizing the alignment of economic interests and the complementary nature of both sides’ priorities. He highlighted the strategic importance of a partnership between Indonesia and Europe in addressing global uncertainties and contributing to economic stability.
Both leaders expressed satisfaction with the progress made in resolving outstanding issues and achieving a strategic breakthrough. The partnership is expected to bring substantial economic benefits to both parties, emphasizing the importance of long-term partnerships based on trust, mutual respect, and shared values.
The formal signing of the CEPA implementation agreement is anticipated to take place in Brussels, marking a new chapter in the Indonesia-EU strategic partnership focused on job creation, investment, and shared economic growth.
