EU-ABC Events

Indonesia and EU Economic Relations Under Prabowo’s Administration

EU-ABC Members-Only Briefing Session

**Please note that this event is exclusively open to EU-ASEAN Business Council (EU-ABC) members. Attendance by non-members or members of the general public is not permitted.

Location : Boardroom, Hotel Mulia, Jakarta, Indonesia

Date : 2 September 2024

Time : 09.30AM – 12.00PM (Jakarta)

Charges: This will be chargeable event for EU-ASEAN Business Council members only. The cost will be S$750 per seat for the event. There are maximum of 45 seats, seats will be allocated on a first come first served basis.

Registration: Please contact Chris Humphrey at Chris.humphrey@eu-asean.eu or Jenniefer Setiawan at jenniefer.setiawan.eu-asean.eu to register for this event.

Background:

Under Prabowo Subianto’s forthcoming presidency, the contours of Indonesia’s economic ties with the European Union are expected to refine and deepen. This transition heralds a phase where continuity meets change. Indonesia, under Prabowo, is likely to extend Joko Widodo’s pragmatic economic manoeuvres while introducing strategic shifts aimed at enhancing the nation’s leverage within ASEAN and on the global stage.

The EU, one of Indonesia’s paramount trading partners, has witnessed a robust interplay of commerce and investment with Jakarta, albeit one clouded by irritants such as the Palm Oil dispute and disquiet in Jakarta on the EUDR. Recent negotiations around the Comprehensive Economic Partnership Agreement (CEPA) exemplify the deepening mutual commitment to reduce trade barriers and stimulate investment flows, though it remains to be seen if the CEPA can be completed. However, challenges such as the dispute over export bans and broader geopolitical shifts necessitate adept navigation of international trade laws and regional dynamics.

Looking ahead, Prabowo’s administration seems set to prioritise sectors ripe for sustainable development, such as food security, green technology and the digital economy. These areas offer fertile ground for collaboration in an era where economic growth is increasingly linked with global sustainability goals. But how will the administration successfully craft policies that attract foreign direct investment, particularly from the EU? And as Prabowo aims to recalibrate strategically, can he truly enhance Indonesia’s role in the rapidly evolving global arena?

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