Indonesia, France Ink US$11 Billion in Deals Covering Energy, Infrastructure, and More

TEMPO.CO, Jakarta - The Indonesian government and France have signed 27 memoranda of understanding (MoUs) with a total commitment value of US$11 billion.

These agreements cover collaboration in various sectors, including energy, transportation, food, health, telecommunications, education, and infrastructure.

The signing took place during the official visit of French President Emmanuel Macron to Indonesia, which was held from May 27 to 29, 2025. Anindya Novyan Bakrie, Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), stated that the MoUs were signed as part of a business forum attended by 368 delegates from both countries.

He emphasized that this cooperation represents a strategic move to strengthen the economic relationship between Indonesia and France.

Anindya also highlighted that the collaboration aligns with the broader goals of the European Union-Indonesia Comprehensive Economic Partnership Agreement (EU-Indonesia CEPA). He noted that this partnership has the potential to generate significant benefits for Indonesia within the ASEAN region.

"Indonesia and France play a significant role in their respective regions. These two regions complement each other, rather than compete," said Anindya Bakrie in a written statement on Thursday, May 29, 2025.

During the same event, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that this initiative is expected to enhance bilateral ties between the two countries. He mentioned that 16 of the MoUs were signed in the presence of President Prabowo Subianto and President Macron. "The total value is around US$11 billion," said Airlangga.

Airlangga added that Indonesia and France share a similar approach to multilateral trade. He expressed the government's interest in expanding trade and investment opportunities with France.

Philippe Gautier, Chief Executive Officer of Mouvement des Entreprises de France (Medef) International, said that French companies are eager to deepen their cooperation with Indonesia. He confirmed that approximately 70 companies attended the business forum to witness the signing of the MoUs.

"We are interested in developing new strategies with Indonesia in various sectors, from infrastructure, clean energy, to new technologies," said Gautier in a press release issued by the Indonesian Chamber of Commerce and Industry.

List of 10 MoUs Signed by the Coordinating Ministry for Economic Affairs:

1. MoU between Medef International and the Indonesian Chamber of Commerce and Industry (Kadin) on food security and the Free Nutritious Meal Program.

2. MoU between PT Apindo and Medef International on strengthening cooperation among family-owned businesses in Indonesia and France.

3. MoU between PT Istana Karang Laut and SEAWOL SAS for the Sustainable Aviation Fuel (SAF) Refinery Project.

4. Mutual agreement between the Governor of East Nusa Tenggara (NTT) and PT HDF Energy Indonesia to develop a green hydrogen ecosystem in the province.

5. MoU between PT Sinar Mas Agro Resources and Technology Tbk. and Pacemar.

6. MoU between Crédit Agricole Corporate and Investment Bank (CACIB) and Danantara to support sustainable economic growth and transformation.

7. MoU between PT Pertamina New and Renewable Energy and MGH Energy to develop low-carbon and renewable fuels.

8. MoU between PT Bio Farma (Persero) and Bionet France for the development of combined recombinant vaccines.

9. MoU between PT SMART Tbk. and the Centre de Coopération Internationale en Recherche Agronomique pour le Développement (CIRAD) for joint palm oil research.

10. MoU between Alstom and MRT Jakarta.

Editor's Choice: Prabowo Receives Highest Honor from French Government

Click here to get the latest news updates from Tempo on Google News

Brigitte Macron Blends Elegance and Edge During Jakarta Visit

1 jam lalu

Indonesia's Latest Energy Plan Criticized for Favoring Fossil Fuels, Greenpeace Says

5 jam lalu

Prabowo Receives Highest Honor from French Government

8 jam lalu

Prabowo, Macron to Visit Akmil Magelang and Borobudur Temple Today

10 jam lalu

Emmanuel Macron Says Indonesian Proverb in Front of Prabowo

10 jam lalu

Points of Prabowo's Statement on Israel

12 jam lalu

Macron Reveals Many French Artists Fascinated by Indonesian Culture and Beauty

13 jam lalu

Indonesia and France Forge Agricultural Cooperation Agreement

22 jam lalu

Palace Welcomes Borobudur Permanent Stairlift Proposal Despite Controversies

1 hari lalu

Today's Top 3 News: Indonesia, France Strengthen Defense Cooperation During President Macron's Visit

1 hari lalu