Jakarta 6 A vibrant marching band set the tone at the presidential palace as Indonesian President Prabowo Subianto welcomed Peruvian President Dina Boluarte for a landmark agreement signing.
In just 14 months, the two nations finalized a Comprehensive Economic Partnership Agreement (CEPA) aimed at expanding market access and boosting bilateral trade.
Key Takeaways
- Rapid Negotiation: Completing CEPA talks in 14 months, compared to typical multi-year deals.
- Trade Snapshot: In 2024, Indonesia exported $329.4 million to Peru, while Peru's exports to Indonesia stood at $149.6 million.
- Sectors Covered: Plans to enhance cooperation in defense, narcotics control, food security, energy, fisheries and mining.
"This agreement will expand market access and boost trade activity between the two countries," President Prabowo remarked after the signing.
Boluarte's visit reciprocates Prabowo's trip to Lima for last year's APEC Leaders' Meeting, reinforcing ties that stretch from Southeast Asia to South America.
Looking ahead, companies from both regions are eyeing new opportunities in digital trade, sustainable commodities and strategic partnerships across multiple industries.
Reference(s):
cgtn.com
