Indonesia and France, strategic trade partners in Europe, have witnessed a growing trade relationship, reaching approximately USD 1.5 billion in the first half of 2023. To strengthen this economic bond, a delegation from the Indonesian Ministry of Industry conducted a visit to France. During meetings with French officials, they discussed key issues, including their collaboration within the Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA), efforts to combat deforestation, carbon trading initiatives, and investment opportunities.
Minister of Industry Agus Gumiwang Kartasasmita stressed the importance of expediting the ongoing I-EU CEPA negotiations, seeking the French government's input on critical aspects and addressing pending issues. They also discussed the need for sustainable practices in supply chains related to Indonesian commodities exported to the European Union. Additionally, Minister Agus invited France to participate in the development of Indonesia's industrial structure, emphasizing the potential for high returns as early investors in various industries. This collaborative approach aims to strengthen Indonesia's role in global supply chains and promote a sustainable economic future.
Moreover, Indonesia recently launched its first carbon trading scheme as part of the Net Zero Emission initiative, presenting a substantial economic opportunity. Minister Agus hopes that France will join in this transition toward sustainability. Further discussions are planned with French businesses to establish joint ventures and capacity-building collaborations, including the development of the electric vehicle industry. The 13th round of I-EU CEPA negotiations concluded with significant progress, marking a crucial step in achieving a comprehensive agreement while maintaining high-quality standards.
