Kadin: Indonesia-Peru CEPA Expected to Boost Trade in Key Commodities
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JAKARTA, Investortrust.id — Indonesia and Peru have strengthened their trade partnership through the Indonesia-Peru Comprehensive Economic Partnership Agreement, or CEPA, with a target to surpass $700 million in bilateral trade. The agreement is expected to deliver significant benefits to Indonesian businesses, particularly in key export and import sectors.
Kadin Indonesia Chairman Anindya Novyan Bakrie said trade with Peru, a South American nation with growing economic ties to Indonesia, has already reached $700 million. He expressed confidence that CEPA would boost the figure further and open wider market opportunities for Indonesian companies.
“With CEPA, the trade value should increase further and bring great benefits to our companies,” Anindya said after meeting Peruvian President Dina Ercilia Boluarte Zegarra at the Kadin headquarters in Jakarta on Monday, Aug. 11, 2025.
Anindya detailed Indonesia’s main export commodities to Peru, including crude palm oil, footwear, rubber, and automotive products. Imports from Peru to Indonesia include cacao, blueberries, fertilizers, and other agricultural goods. He emphasized that the 50 years of bilateral relations between the two countries also provide a strong foundation for cooperation in food security and aquaculture.
“I think food security is highly relevant for both countries. We can work together, especially since Peru’s aquaculture technology is very modern—not only traditional but advanced as well,” he said.
During the same meeting, Peru expressed its interest in making Indonesia a halal certification hub for its products, which include food, fashion, pharmaceuticals, and cosmetics. Anindya said Kadin would assist Peruvian companies in obtaining halal certification in collaboration with the Halal Product Assurance Organizing Agency, known as BPJPH.
“Kadin can play a major role here, as we are working with the halal certification body to ensure proper training and cooperation with them,” he said.
President Boluarte said Peru is closely observing Indonesia’s halal industry development and sees certification as a gateway to broader market access in Asia.
“We want to explore cooperation in this field, particularly to initiate coordination so our products can obtain halal certification from Indonesian institutions and reach wider markets in Asia,” Boluarte said.
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