The Minister of Foreign Trade and Tourism highlighted Peru's link with the Asian country as an exporter of agricultural products such as cocoa beans, grapes and fresh pomegranate.
The Ministry of Foreign Trade and Tourism of Peru (Mincetur) announced today the start of the first round of negotiations for the Trade Agreement between the Andean country and Indonesia. This round takes place in Lima until May 30, in hybrid format.
“Peru exports a significant number of agricultural products to Indonesia, such as cocoa beans, grapes and fresh pomegranate. As our country is one of the world's leading fruit exporters, this trade agreement will create new opportunities for Indonesian consumers to have access to high-quality Peruvian products,” said the Minister of Foreign Trade and Tourism, Elizabeth Galdo.
He also highlighted that this negotiation between Peru and Indonesia is an invaluable opportunity to develop a framework that establishes better conditions of access to markets, the reduction of trade barriers and the creation of new opportunities for citizens and companies.
INITIAL SESSION
The initial session was chaired by Minister Galdo; the Indonesian Ambassador to Peru, Ricky Suhendar; the Chief Negotiator of Peru, Gerardo Meza; and the Chief Negotiator of Indonesia, Johni Marta.
In this round, tables are negotiated on Market Access, Cooperation, Legal and Institutional Issues, Rules of Origin, Technical Obstacles to Trade, Customs Procedures and Trade Facilitation, Trade Defense and Sanitary and Phytosanitary Measures.
BILATERAL COMMERCIAL EXCHANGE
Indonesia is a market with more than 276 million inhabitants, it is the 4th most populous country in the world and the largest economy in Southeast Asia.
Likewise, it is the 5th most important economy in Asia and it is the 9th most important economy for Peru's trade in that region.
In 2023, the growth of Peruvian exports to Indonesia was mainly due to the greater sale of natural dyes (increase of 102.9%), pharmaceutical products (39%) and fish meal (33%).
In addition, Peru currently supplies Indonesia with minerals. In 2023, the largest exports of zinc (143.2% increase) and iron (US$ 785 million) stood out.
