Indonesia and EU Deepen Investment Cooperation, Sign MoU on Battery Technology Development
BRUSSELS, KOMPAS.TV – Indonesia and the European Union are seeking to strengthen trade and investment ties through the Indonesia–EU Business Forum 2026, held in Brussels, Belgium, on Friday (6 November 2026).
The forum, attended by more than 200 policymakers, businesspeople, investors and industry experts from Indonesia and Europe, discussed opportunities for economic cooperation, particularly in clean energy, digital technology, sustainable transport, connectivity and advanced industry.
Organised by the Embassy of the Republic of Indonesia in Brussels and The Brussels Times, the event was held under the theme “Trade. Investment. Partnership.”
The forum also capitalised on the positive momentum surrounding the Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA).
Indonesia’s Ambassador to Belgium, Luxembourg and the European Union, Andy Rachmianto, said both sides now needed to turn the economic agreement into tangible benefits.
“We have spent almost ten years negotiating the various provisions of this partnership. Now it is time to show the tangible results that can be achieved through it,” Andy said when opening the forum.
According to Várhelyi, Europe is ready to support the partnership through investment, innovation and expertise that can benefit both sides.
One of the forum’s significant outcomes was the signing of a memorandum of understanding (MoU) between Indonesia Battery Corporation (IBC) and Belgium’s Avesta Holding NV.
The agreement covers the development of solid-state battery and energy-storage technology. The cooperation is intended to develop joint intellectual property and commercialise the latest generation of solid-state battery technology.
The forum also brought Indonesian and European companies together for a series of bilateral business meetings to explore partnership opportunities and practical cooperation.
Alongside the economic discussions, participants were introduced to Indonesia’s cultural heritage through traditional Balinese dance, gamelan music and Indonesian cuisine.
The Indonesia–EU Business Forum 2026 is expected to serve as a further step towards bringing investment to fruition, strengthening business partnerships and delivering sustainable economic benefits for Indonesia and the European Union.