Good afternoon. Once again, I want to begin by sincerely thanking Indonesia for hosting us today and for organising this business forum, bringing together EU and Indonesian companies.
This is both timely and essential on this landmark occasion for EU-Indonesia relations.
It is always a pleasure to speak directly to you – the business community – the engines of trade, innovation and investment. Your calls for closer economic collaboration are exactly what agreements like this one – and others we are pursuing – aim to answer.
Your role in strengthening the links between the European Union and Indonesia is therefore crucial.
In todays unpredictable global economy, trade relationships are not just economic tools – they are strategic assets.
They signal trust, alignment, and resilience.
Fortunately, we build on solid ground.
EU-Indonesia trade in goods alone approached 27 billion euros last year, with services adding almost 9 billion euros more. And European investment in Indonesia has now surpassed 25 billion euros.
While these figures are impressive on paper, they truly come to life when we recognise they represent the work, risk-taking and success of businesses like yours – creating jobs, boosting competitiveness, and bridging continents.
Yet, we know the potential to do more is vast.
Indonesia is Southeast Asias largest economy and consumer market, but there is ample room to grow our trade relationship with the region in both directions.
By eliminating over 98% of tariffs covering nearly all trade flows, removing barriers to goods and services, and opening new avenues for investment, this agreement offers tangible advantages.
Key sectors poised for growth include Indonesias palm oil, textiles, and footwear industries, alongside the EUs agri-food, automotive and advanced manufacturing sectors.
The agreement also paves the way for closer cooperation in high-value industries, such as electric vehicles, pharmaceuticals and electronics – thus positioning both economies for the future.
Crucially, the agreement strengthens our economic security. It supports the diversification of supply chains, particularly around critical raw materials, which are essential for green and digital technologies.
Digital trade facilitation is another core pillar. From e-contracts to e-authentication and the removal of customs duties on electronic transmissions – this can be a game-changer, especially for SMEs.
In sum, the EU and Indonesia reaffirm our joint commitment to a rules-based international trading system – one that creates the conditions necessary for businesses to thrive on both sides.
On one hand, European businesses now have fresh momentum to engage with a dynamic, fast-growing Indonesian economy in a more open, business-friendly and predictable environment.
At the same time, Indonesian businesses will enjoy improved access to Europes large and advanced market, underpinned by its high regulatory standards and technological leadership.
Just as importantly, the EU remains a reliable, transparent, and fair partner.
Ladies and gentlemen, we are here to support your success – not only by opening doors, but by staying engaged, listening to your needs, and working with you on removing obstacles so you can seize the opportunities ahead.
We are entering this promising new chapter together – with the aim to strengthen our economies, deepen our ties, and deliver long-term value for all.
Thank you.
