In Jakarta, Indonesia and Peru have just inked a big trade deal! In a ceremony at the presidential palace, Peruvian President Dina Boluarte was welcomed with full honors before signing the Comprehensive Economic Partnership Agreement (CEPA) alongside Indonesian President Prabowo Subianto. 🤝
CEPA in a nutshell: it's like a VIP pass that cuts barriers, making it easier for goods to travel between markets. Think Indonesian coffee, palm sugar, and creative digital services reaching Peru, while Peruvian avocados and minerals find their way to South-East Asian shelves. 🌍☕🥑
Here are the key highlights:
- Fast-tracked deal: sealed in just 14 months (usually takes years!). ⏱️
- 2024 trade snapshot: $329.4 M in Indonesian exports to Peru; $149.6 M vice versa. 💰
- Broader cooperation on defense, narcotics control, food security, energy, fisheries, and mining.
Why it matters for you: With this pact, Indonesian startups and artisans get a golden ticket to Central and South American markets — and vice versa. It’s a win for young entrepreneurs eyeing global expansion and for consumers craving diverse, quality products. 🌐✨
Boluarte’s Jakarta visit follows Prabowo’s trip to Lima in November for the APEC Leaders’ Meeting, marking a new chapter in Asia–Latin America ties. Get ready for more flavours, tech collabs, and sustainable partnerships rocking cross-continental trade! 🎉🌏
Reference(s):
cgtn.com
