US EditionIndonesia, Brazil Strike Cooperation Deals as Leaders Meet
Indonesia and Brazil signed agreements covering multiple sectors to increase trade and pursue a free-trade deal with Mercosur, with trade valued at $4.3 billion in the first eight months, officials said.
- On Thursday, Indonesia and Brazil agreed to boost ties and struck a series of agreements in Jakarta covering oil, gas, electricity, technology, mining and agriculture.
- Facing low trade, leaders advanced talks on a Mercosur free-trade deal as total trade reached $4.3 billion and Lula asked why exchanges total only about $6 billion.
- At Merdeka Palace, Lula received ceremonial honours, and Prabowo called the countries `two new economic powers that are rising` and said `I believe this will strengthen our relations and will make both of our economies and the economies of Latin America grow rapidly.`
- The signings came several months after US President Donald Trump imposed tariffs on imports from both countries, providing a trade-policy backdrop to the pacts ahead of Lula's ASEAN summit in Malaysia on Sunday.
- Regional moves position both countries for expanded South America–Southeast Asia commerce as Brazil deepens ties with Southeast Asia and Indonesia bolsters Latin America links via the Peru trade agreement.
30 Articles
30 Articles
President Prabowo Subianto has asked for support from Brazilian President Luiz Inácio Lula da Silva so that the Indonesia-Mercosur Comprehensive Economic Partnership Agreement (IM-CEPA) can be ratified immediately.
Watauga Democrat
Indonesia, Brazil strike cooperation deals as leaders meet
Indonesia and Brazil agreed to boost ties and struck a series of agreements on Thursday as their leaders met in Jakarta, with Southeast Asia's biggest economy looking to make further inroads into South American markets.
In a speech during the Indonesia-Brazil Business Forum in Jakarta, the president also stated that he will propose quadrupling the use of sustainable fuels during COP30
Prabowo pushed for the acceleration of the establishment of comprehensive trade cooperation between Indonesia and Latin American countries within the framework of the Indonesia–Mercosur CEPA.
Coverage Details
Bias Distribution
- 47% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
