August 12, 2025 | 11:10 pm
TEMPO.CO, Jakarta - Indonesia's Ministry of Trade (Kemendag) revealed the 10 main export commodities of Indonesia under the Indonesia-Peru Comprehensive Economic Partnership Agreement (CEPA).
This comprehensive trade agreement between the two countries is expected to expand market access for exports and imports, mutually supporting each other’s industries.
The Director-General of International Trade Negotiations at the Ministry of Trade, Djatmiko Bris Witjaksono, stated that the 10 export commodities include passenger cars and motorcycles; footwear; palm oil and its fractions; refrigerators; paper and cardboard; margarine; cloves; as well as photocopiers and fax machines.
Djatmiko explained that export opportunities for Indonesia to the Latin American region will be greatly expanded through the trade agreement with Peru. He noted that Peru is strategically positioned in international trade and within the American continent.
“Technically, Peru has good facilities and infrastructure that can connect trade to the surrounding regions,” Djatmiko said during a press conference at the Ministry of Trade Auditorium on Tuesday, August 12, 2025.
In addition to export commodities, Djatmiko highlighted the benefits of the Indonesia-Peru CEPA trade agreement. He said that Indonesian trade products will benefit from tariff eliminations, reductions, and gradual tariff cuts on about 90 percent of Peru’s tariff lines. This is expected to enhance the competitiveness of Indonesian products in Peru.
However, the trade agreement currently covers only trade in goods. Djatmiko mentioned that the government has not yet begun exploring investment opportunities or promoting investment under Indoneisa-Peru CEPA. This approach is taken gradually to ensure mutually beneficial agreements.
“Let’s first agree to negotiate trade in goods. Once that is completed and ratified, we will continue negotiations for the service sector, investment, and capital investment,” Djatmiko said.
Editor’s Choice: Who Is President Dina Boluarte, Peru's First Female Leader Visiting Indonesia?
Click here to get the latest news updates from Tempo on Google News
Independence Cup 2025: Indonesia Holds Tajikistan to Thrilling 2-2 Draw
44 menit lalu
A draw leaves the U-17 Indonesia national team and Tajikistan in second and third place respectively in the current Independence Cup 2025 standings.
Africa Becomes Next Target for Indonesia's Export Expansion Plan
3 jam lalu
Trade Minister Budi Santoso said Indonesia will expand exports beyond Europe and America to Latin America and Africa.
Activist Urges Prabowo to Raise Gaza Evacuation Target to 10,000 People
3 jam lalu
Humanitarian activist Abdillah Onim urged President Prabowo to expand the Gaza refugee evacuation plan to 10,000 for treatment in Indonesia.
Merdeka Palace to Host 16,000 Guests for 80th Independence Day Celebration
5 jam lalu
A total of 16,000 guests will attend Independence Day celebration at Merdeka Palace on August 17, split evenly between morning and afternoon sessions.
Norway's Wealth Fund Divests from 11 Israeli Companies Amid Gaza War
5 jam lalu
The entire investment of Norway's Wealth Fund in Israeli companies is being reviewed. Investments in 11 Israeli companies have been withdrawn.
China's Coal Demand Drops, Indonesian Exporters Looking to Diversify Market
9 jam lalu
Indonesian coal exporters diversify their market amid decrease in demand from main consumers such as China and India.
Indonesia Records Rp138.8tn in Energy Sector Revenue for First Half 2025
10 jam lalu
The Ministry of Energy and Mineral Resources noted that non-tax state revenue (PNBP) in the energy sector reached Rp138.8 trillion so far.
Instead of One Piece Flag, Indonesians Are Encouraged by the Govt to Fly the National Flag
14 jam lalu
Raising One Piece flags sparks concern among local authorities in various regions. Local governments are taking various measures to encourage their residents to raise the Indonesian national flag.
Indonesia Announces 19 New Species of Flora and Fauna on Nature Conservation Day
15 jam lalu
Indonesia is one of the countries with the greatest biodiversity in the world, with an abundance of flora and fauna species to be discovered.
Bima District in Indonesia Faces Worrying Increase in Honorary Teachers
15 jam lalu
Primary schools in Bima District, Indonesia, have an average of 40 teachers, with 21 of them being honorary teachers.
