Indonesia–Peru: Trade Pact Nears Final Stage 🌎🤝
Jakarta eyes Latin America to diversify exports. 📈
The Main Takeaway
Peruvian President Dina Boluarte’s visit to Jakarta brought Indonesia closer to sealing a Comprehensive Economic Partnership Agreement (CEPA) with Peru. President Prabowo Subianto backed the deal in a closed-door meeting.
Why It’s on Our Radar?
The CEPA could open Latin American markets for Indonesia 🇮🇩, support its bid to join the CPTPP, and strengthen economic resilience amid global trade tensions.
By the numbers:
🇮🇩–🇵🇪 trade fell from $554M (2022) to $444M (2023).
Indonesia still posted a surplus, led by vehicles, fortified foods, and biodiesel.
What’s at Stake?
Trade officials expect the CEPA to serve as a gateway for deeper cooperation in Latin America, giving Indonesia fresh growth momentum beyond the U.S. market.
(ARS/QOB)