Peruvian cocoa exports to Indonesia reached 13,680 tons in 2024, showing an increase of 13.9%

This agreement comprises nine chapters that include provisions on national treatment and market access for goods, rules and procedures of origin, customs procedures and trade facilitation, trade defense, technical barriers to trade, sanitary and phytosanitary measures, cooperation, dispute settlement, as well as transparency and institutional and legal aspects. Regarding trade in goods, Peru has achieved that 56% of Peruvian products will have immediate access with zero tariffs once the agreement comes into effect. Additionally, another group of products will have a tariff phase-out process of 5, 7, and 10 years. In this way, 86% of Peru's exportable offer will enter Indonesia duty-free. Trade opportunities for Peruvian products The Foreign Trade Society of Peru (Comex Peru) noted that Peruvian cocoa will enter Indonesia duty-free immediately upon the agreement's entry into force. In this regard, it noted that in 2024, the Asian country imported 320,456 tons of cocoa beans from ...