US EditionHistoric Trade Pact: Indonesia and Peru Forge New Economic Ties
JAKARTA, INDONESIA, AUG 11 – The trade pact finalized in 14 months aims to expand market access and boost bilateral trade, with 2024 exports valued at $479 million, officials said.
- During their Jakarta summit on Monday, Peruvian President Dina Boluarte and Indonesian President Prabowo Subianto signed a CEPA, deepening bilateral trade ties.
- Amid a 19 percent tariff recently imposed by US President Donald Trump, Prabowo’s Lima visit prompted the trade agreement on Monday.
- In 2024, the trade ministry data shows Indonesia’s trade minister said Indonesian exports to Peru were worth $329.4 million and Peru’s exports were $149.6 million.
- Online reactions showed `Peru’s Presidency on X confirmed` the signing would strengthen trade ties, with Prabowo noting it opens strategic cooperation opportunities.
- Despite typical timelines, Prabowo noted the agreement was finalized within 14 months, just ahead of the 50-year diplomatic milestone.
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Indonesia and Peru Sign Trade Pact Linking Asia and South America
Indonesia and Peru have signed a wide-ranging trade agreement that connects Southeast Asia’s largest economy with a key South American producer. The deal, signed on August 11, 2025, in Jakarta, removes or lowers tariffs on most goods traded between the two nations and aims to simplify customs procedures. Official figures show that in 2024, Indonesia […]
·Brazil
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Historic Trade Pact: Indonesia and Peru Forge New Economic Ties
Indonesia and Peru signed a landmark free trade agreement to bolster trade and investment. In 2024, Indonesia exported goods worth $331.2 million to Peru. The pact focuses on expanding market access and cooperation in sectors like food, energy transition, and defense.
·India
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Total News Sources13
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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