Peru and Indonesia begin negotiations for the FTA

Published May 28, 2024

Tridge summary

Peru and Indonesia have initiated negotiations for a trade agreement, aiming to strengthen economic ties and provide new opportunities in the agri-food sector. The talks, held in Lima, will focus on improving market access and reducing trade barriers. Indonesia, with a population of over 276 million, is the fourth most populous country in the world and the largest economy in Southeast Asia. The agreement could enhance Peru's agricultural exports to Indonesia, which include cocoa beans, grapes, and fresh pomegranate. Additionally, the negotiations could boost Peru's trade in natural dyes, pharmaceutical products, fish meal, and minerals like zinc and iron. The proposal also includes changes to maritime cabotage laws to facilitate exports and reduce logistics costs.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

05/28/2024 Peru and Indonesia took an important step towards strengthening their economic relations with the start of the first round of negotiations for a trade agreement. This milestone, which takes place in Lima until the 30th of this month in a hybrid format, opens a range of opportunities for both countries, especially in the agri-food sector. “Our country exports a significant number of agricultural products to Indonesia, such as cocoa beans, grapes and fresh pomegranate. "With Peru being one of the world's main fruit exporters, this trade agreement will create new opportunities for Indonesian consumers to have access to high-quality Peruvian products," said the head of the Ministry of Foreign Trade and Tourism (Mincetur), Elizabeth Galdo. Benefits He also highlighted that this negotiation between both countries is an invaluable opportunity to develop a framework that establishes better conditions for access to markets, the reduction of trade barriers and the creation of new ...
Source: PEelperuano
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