NewzVille International
Indonesia and Peru signed a free trade agreement on Monday to strengthen bilateral trade and investment relations, the leaders of both countries said at a signing ceremony in Jakarta.
Indonesian exports to Peru totalled $331.2 million worth of goods in 2024, while imports from Peru stood at $149.6 million. Indonesia’s top export products were cars and car parts, biodiesel, and footwear, while it mainly imported cocoa beans and grapes.
Indonesian President Prabowo Subianto said that the two countries would also increase cooperation in sectors like food, fishery, mining, energy transition, and defence.
Earlier President Subianto welcomed the arrival of the President of the Republic of Peru, Dina Boluarte, accompanied by an honor guard and the sound of 21 cannon salutes, at the Merdeka Palace.
