TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsPrabowo presses for Latin America trade pact as US tariff threat rises
In 2023, Indonesia exported US$1.5 billion worth of goods to Mercosur countries, ranging from coconut and crude palm oil to vehicle parts, while imports from the bloc reached $6.2 billion, dominated by oil cake, sugarcane and wheat.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Growing partnership: President Prabowo Subianto (left) shakes hands with his Brazilian counterpart Luiz Inácio Lula da Silva on Wednesday during the bilateral meeting between both countries' delegations at the Planalto Presidential Palace in Brasilia. Among members of the Indonesian delegation are (from left to right) Cabinet Secretary Teddy Indra Wijaya, Coordinating Food Minister Zulkifli Hasan and Energy and Mineral Resources Minister Bahlil Lahadalia. (Courtesy of Presidential Secretariat/Muclis Jr)
P
resident Prabowo Subianto has urged Brazilian President Luiz Inácio Lula da Silva to lead efforts to conclude a Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and the Mercosur bloc, also known as the Southern Common Market, as both sides seek to strengthen trade and investment ties amid tariff threats from United States President Donald Trump.
“I welcome your leadership of Mercosur, and we hope to finalize the Indonesia–Mercosur CEPA under your guidance,” Prabowo said at a joint press briefing with Lula on Wednesday, as quoted by Antara.
The meeting took place at the Palácio do Planalto presidential palace in Brasília, following Prabowo’s participation in the BRICS summit earlier this week in Rio de Janeiro. Indonesia, which was announced as one of the bloc’s newest full members earlier this year, joined alongside several other countries.
“We will also promote stronger cooperation through our sovereign wealth fund Danantara,” Prabowo added.
The two countries also agreed to boost cooperation in renewable technologies and agricultural modernization, with Indonesia currently serving as the fifth-largest export market for Brazilian agribusiness products.
Prabowo also said Jakarta would send more technical teams to Brazil to learn from its experience, especially in the development of biofuels. He reaffirmed Indonesia’s commitment to achieving 100 percent renewable energy by 2040 but noted the target could be reached ahead of schedule.
“My experts say we can do it well ahead of schedule. Again, we look to Brazil’s success in biofuels and are determined to catch up,” he said.
