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View all search resultsIndonesia and Peru signed a Comprehensive Economic Partnership Agreement (CEPA) on Monday, with President Prabowo Subianto and his counterpart Dina Boluarte pledging to boost economic ties as the two countries mark their 50th diplomatic anniversary.
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.
Indonesia has the opportunity to wrap up a long-delayed free trade deal with the European Union after the bloc officially placed Indonesia in its “standard-risk” deforestation law category, a step seen by businesses as a signal that could boost exports of palm oil, coffee, cacao and other commodities.
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