Indonesia and the European Union have taken a significant step in finalizing the Comprehensive Economic Partnership Agreement (CEPA). The agreement was announced after a meeting between Indonesian President Prabowo Subianto and European Commission President Ursula von der Leyen in Brussels. President von der Leyen highlighted the potential of CEPA to create economic opportunities in various sectors and strengthen supply chains for critical raw materials needed for the energy and digital transitions. Both leaders emphasized the importance of responsible supply chains that respect the environment and local communities. President Prabowo welcomed the agreement as a milestone in Indonesia-EU economic relations, highlighting the complementary nature of their economic interests. The partnership aims to contribute to global economic and geopolitical stability by leveraging Europe’s expertise in science, technology, and finance with Indonesia’s strategic natural resources. The successful alignment of economic priorities between the two sides has paved the way for major economic benefits for both parties. The formal signing of the CEPA implementation agreement is expected to take place in Brussels, marking a new chapter in the strategic partnership between Indonesia and the EU focused on job creation, investment, and shared economic growth.
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