JAKARTA - European Commission President Ursula von der Leyen said the agreement for a comprehensive economic cooperation agreement (CEPA) between Indonesia and the European Union (EU) opened up opportunities in the agricultural and automotive sectors.
"This agreement will open new markets, create more opportunities in key sectors such as agriculture, automotive, services, and others. Strengthening supply chains for essential raw materials that are needed in energy and digital transitions," Ursula said in a joint press statement with Indonesian President Prabowo Subianto in Brussels, Belgium, quoted by Antara, Monday, July 14.
Ursula said that CEPA will open up major economic opportunities in various sectors while strengthening the supply chain of raw materials, which is important for energy and digital transitions.
He stressed that Europe's approach to economic partnerships is based on social and environmental responsibilities.
"And more importantly, we not only want a safe supply, but also those responsible. This means respecting the environment, respecting local communities, and a strong focus on creating decent jobs and local added value," he said.
President Prabowo welcomed this agreement as an important milestone in the Indonesian economic relations of the European Union.
Prabowo said that the two parties succeeded in uniting their respective economic interests which turned out to be complementary.
We have made a lot of significant progress, and agreed to accommodate each other's economic interests. We found that this interest complements and benefits each other," said the Head of State.
In his statement, Prabowo also emphasized the importance of a strategic partnership between Indonesia and Europe, especially in the midst of global uncertainty.
"Europe is a global leader in science, technology and finance. Indonesia, on the other hand, has strategic resources. The partnership between Europe and Indonesia, which is also an important part of ASEAN, I believe will make a very meaningful contribution to the stability of the world's economy and geopoliticals," said the President.
The Head of State added that there are no more major issues that are obstacles between the two parties.
"I am also very happy to see ministers and commissioners from both sides achieve, which I call, strategic breakthroughs. Currently, there are no more main issues that are the difference between the European Union and Indonesia and that is something extraordinary," he said.
Ursula also underlined that this collaboration would provide great economic benefits for both parties.
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"Together, we send a strong message regarding the importance of a predictable long-term partnership, which is built on the basis of mutual trust, mutual respect, transparency, and shared values," he said.
Prabowo closed his statement in the hope that the CEPA implementation agreement could later be signed in Brussels, as a symbol of shared commitment.
"I really hope, when we start implementing this deal, we can sign an implementation agreement here in Brussels, once again. That will give me the opportunity to return to visit Brussels," concluded the President.
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