Indonesia and Peru have signed a free trade agreement aimed at boosting bilateral trade, investment, and cooperation in several key sectors, including food, mining, and energy.
The two countries formalised a comprehensive free trade agreement during a signing ceremony in Jakarta on Monday.
The deal is set to enhance trade and investment ties between the two nations by expanding market access and fostering collaboration across various industries.
In 2024, Indonesian exports to Peru reached $331.2 million, with major products including cars, car parts, biodiesel, and footwear. Imports from Peru totaled $149.6 million, primarily cocoa beans and grapes.
Indonesian President Prabowo Subianto highlighted that the partnership would strengthen cooperation in sectors such as food, fisheries, mining, energy transition, and defence.
Peruvian President Dina Boluarte emphasized that Peru, a significant exporter of fresh fruit, would gain greater access to the Indonesian market, particularly for blueberries.
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U.S. President Donald Trump called Iran’s response to Washington’s latest peace proposal “totally unacceptable” amid talks over ending the war and securing shipping through the Strait of Hormuz. A cargo vessel near Qatar was hit by a projectile as Kuwait reported hostile drones in its airspace.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
French President Emmanuel Macron opened France’s first-ever business summit in an English-speaking African nation on Monday (11 May), as Paris seeks to strengthen ties across the continent following a decline in influence in several former French colonies.
UK Prime Minister Keir Starmer will attempt a political fightback on Monday (11 May) with a speech promising closer ties with the European Union after Labour suffered heavy local election losses and growing calls for his resignation.
Australia confirmed it will repatriate citizens from the MV Hondius cruise ship hit by a deadly hantavirus outbreak, with quarantine on arrival. Spain, France are evacuating nationals as three deaths are confirmed. In the U.S., two passengers have been isolated after testing positive for the virus.
U.S. President Donald Trump called Iran’s response to Washington’s latest peace proposal “totally unacceptable” amid talks over ending the war and securing shipping through the Strait of Hormuz. A cargo vessel near Qatar was hit by a projectile as Kuwait reported hostile drones in its airspace.
China’s leading chipmakers are funnelling unprecedented sums into research and development as Beijing accelerates efforts to reduce reliance on foreign technology amid intensifying U.S. export restrictions.
SOCAR has completed the acquisition of a 99.82% stake in Italiana Petroli (IP) from API Holding after receiving all required regulatory approvals.
The United Nations Committee on the Elimination of Racial Discrimination (CERD) has warned that France risks undermining the self-determination rights of the Kanak Indigenous People in New Caledonia amid proposed political and constitutional reforms.
French President Emmanuel Macron opened France’s first-ever business summit in an English-speaking African nation on Monday (11 May), as Paris seeks to strengthen ties across the continent following a decline in influence in several former French colonies.
UK Prime Minister Keir Starmer will attempt a political fightback on Monday (11 May) with a speech promising closer ties with the European Union after Labour suffered heavy local election losses and growing calls for his resignation.
U.S. President Donald Trump said on Sunday that three Polish nationals and two Moldovan citizens had been released from detention in Belarus and Russia, highlighting what he described as growing diplomatic cooperation with Minsk.
Israeli Prime Minister Benjamin Netanyahu said Israel aims to eventually end its reliance on U.S. financial military support within the next decade. The decision signals a long-term shift in the country’s defence policy as it seeks to deepen ties with Gulf states.
Thaksin Shinawatra, Thailand’s billionaire former prime minister, has been released on parole from prison on Monday (11 May). Shinawatra served part of an eight-month sentence that capped years of legal battles, political turmoil and controversy surrounding his return from exile.
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