Indonesia, France Seal US$3.5bn Deals During Prabowo Visit

Indonesia has secured four new commercial agreements valued at US$3.5 billion during President Prabowo Subianto's state visit to France. The deals, which also include approximately Rp62.38 trillion, were finalized alongside the launch of the France-Indonesia High-Level Business Council in Paris. The agreements underscore Indonesia's strategic importance and its growing competitive investment climate, according to Indonesian Minister of Investment and Industry Rosan Roeslani.

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The agreements reached demonstrate that Indonesia is regarded as a strategic partner with long-term growth prospects and an increasingly competitive investment climate.

The partnerships center on key areas such as energy resilience, trade, and defense. The establishment of the France-Indonesia High-Level Business Council marks a significant step in strengthening economic ties. This forum unites 30 industry leaders and top corporations from both nations, representing a combined market capitalization of US$1.3 trillion. The council aims to facilitate the implementation of existing memorandums of understanding and investment commitments, including those from President Macron's previous visit to Indonesia, which yielded 27 MoUs worth over US$11 billion.

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This forum will serve as a means to identify bottlenecks, accelerate the resolution of various hurdles, and ensure that investments perform optimally.

Co-led by MEDEF International and the Indonesian Chamber of Commerce and Industry (Kadin), the business council will work to identify and resolve bottlenecks, accelerating investment performance. A key objective is to triple the total trade volume between Indonesia and France by 2035. Minister Roeslani expressed confidence that economic ties will continue to strengthen, emphasizing that collaboration between government and business is crucial for sustainable growth, job creation, and enhancing national competitiveness amid global economic dynamics.

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Collaboration between government and business is key to generating sustainable growth, opening up job opportunities, and reinforcing the competitiveness of both nations amidst global economic dynamics.