{"id":137754,"date":"2025-08-11T19:50:14","date_gmt":"2025-08-11T19:50:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/137754\/"},"modified":"2025-08-11T19:50:14","modified_gmt":"2025-08-11T19:50:14","slug":"peru-and-indonesia-leaders-meet-to-boost-economic-ties","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/137754\/","title":{"rendered":"Peru and Indonesia leaders meet to boost economic ties"},"content":{"rendered":"

JAKARTA, Indonesia (AP) \u2014 Peruvian President Dina Boluarte<\/a> met her Indonesian counterpart Prabowo Subianto<\/a> on Monday during a visit aimed at strengthening economic ties as the two countries look to expand into new markets to overcome geopolitical challenges and rising trade barriers.<\/p>\n

The talks came just four days after U.S. President Donald Trump began imposing higher import taxes<\/a> on dozens of countries on Thursday, including a 19% rate on Indonesia. Imports from Peru are paying the 10% baseline rate Trump set in April.<\/p>\n

Boluarte arrived in Indonesia\u2019s capital, Jakarta, on Sunday afternoon, following an invitation Subianto extended when the two leaders met at the APEC Summit in Peru<\/a> in November 2024.<\/p>\n

The two-day visit is aimed at deepening Peru\u2019s ties with Indonesia<\/a>, Southeast Asia\u2019s largest economy, after the two nations concluded negotiations which began in May 2024 on a Comprehensive Economic Partnership Agreement or CEPA.<\/p>\n

Subianto hosted Boluarte with a ceremony at Merdeka palace before the two leaders held a closed-door bilateral meeting.<\/p>\n

\u201cThe CEPA is a testament to the determination of our governments to promote freer trade and strengthen our economies,\u201d Boluarte said in a joint news conference with Subianto after the meeting, adding that the deal can promote the exchange of goods and lay the groundwork for future agreements.<\/p>\n

Subianto praised the seriousness of both governments in reaching an agreement in just 14 months, while similar trade deals with other countries take years.<\/p>\n

\u201cThis agreement will expand market access and increase trade activities between our two countries,\u201d Subianto said. No details about the agreement have been provided, but Subianto described the pact as \u201cthe most significant trade cooperation agreement\u201d in the history of the two countries.<\/p>\n

He said the signing also coincided with the 50th anniversary of Indonesia-Peru diplomatic ties.<\/p>\n

Subianto said Indonesia and Peru also agreed to cooperate in the fields of food, mining and energy consumption, as well as fisheries and defense. He conveyed Indonesia\u2019s readiness to support the partnership between the Association of Southeast Asia Nations and Peru.<\/p>\n

Boluarte said Indonesia has become a key partner for Peru in Southeast Asia, and said her visit to the fourth most populous country in the world was an excellent moment to reaffirm their commitment to full observance of international law, free trade, South-South cooperation, food security and sustainable development. <\/p>\n

While Indonesian consumers are already enjoying Peruvian quinoa, \u201cI am pleased to announce the access of Peruvian blueberries to the Indonesian market,\u201d Boluarte said.<\/p>\n

\u201cThe CEPA deal with Peru is a potential gateway for Indonesian goods and services to enter markets in Central and South America,\u201d said Indonesia\u2019s trade minister, Budi Santoso, \u201cWe hope the deal can strengthen Indonesia\u2019s trade presence in the region.\u201d<\/p>\n

His ministry\u2019s data showed the country\u2019s total trade with Peru went down from $554.2 million in 2022 to $444.4 million the following year, while Indonesia enjoyed a $290.4 million trade surplus in 2023, driven by major exports including vehicles, footwear and biodiesel.<\/p>\n

The two leaders also oversaw the signing of a cooperation agreement on eradicating narcotics and illegal trafficking.<\/p>\n

During her visit on Monday, Boluarte also met with Indonesian House Speaker Puan Maharani and ASEAN\u2019s Secretary-General Kao Kim Hourn. She shared Peru\u2019s commitment to strengthening relations, cooperation, and partnership with ASEAN member countries.<\/p>\n

Indonesia is currently seeking membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which Peru is part of, to boost export growth.<\/p>\n","protected":false},"excerpt":{"rendered":"JAKARTA, Indonesia (AP) \u2014 Peruvian President Dina Boluarte met her Indonesian counterpart Prabowo Subianto on Monday during a…\n","protected":false},"author":3,"featured_media":137755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[2906,13214,39942,64,1613,82642,69,79,57,9996,82643,13790,1612,8132,3416,82644,80,47502,4217,67,132,68,107],"class_list":{"0":"post-137754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-agriculture","9":"tag-asia-pacific","10":"tag-association-of-southeast-asian-nations","11":"tag-business","12":"tag-central-america","13":"tag-dina-boluarte","14":"tag-donald-trump","15":"tag-economy","16":"tag-general-news","17":"tag-indonesia","18":"tag-indonesia-government","19":"tag-international-trade","20":"tag-latin-america","21":"tag-military-and-defense","22":"tag-peru","23":"tag-peru-government","24":"tag-politics","25":"tag-prabowo-subianto","26":"tag-south-america","27":"tag-united-states","28":"tag-unitedstates","29":"tag-us","30":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115011873928697971","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/137754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=137754"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/137754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/137755"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=137754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=137754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=137754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}