Indonesia and Peru just leveled up their economic game! 🚀 The two nations signed a Comprehensive Economic Partnership Agreement (CEPA) during Peruvian President Dina Boluarte’s visit to Jakarta, marking a fast-tracked pact finalized in just 14 months. Talk about efficiency! ⏱️
Indonesian President Prabowo Subianto called the deal a “win-win,” emphasizing expanded market access and boosted trade between the Southeast Asian and South American powerhouses. The agreement covers everything from energy to fisheries, with both sides eyeing deeper cooperation in defense and food security. 🌾⚡
Here’s the tea: Indonesia exported $329.4M worth of goods to Peru last year, while Peru sent $149.6M in exports back. With CEPA, these numbers could skyrocket as Indonesian products gain easier entry into Central and South American markets. 📊
Boluarte’s trip reciprocated Prabowo’s November visit to Peru for the APEC Leaders’ Meeting—proving that cross-continental collabs are the new vibe. 🌎✨
Reference(s):
cgtn.com