Indonesia and Peru Sign Comprehensive Economic Partnership Agreement (CEPA)

This is a business brief by JETRO released on August 15, 2025, regarding the signing of a Comprehensive Economic Partnership Agreement between Indonesia and Peru. Both countries have signed a Comprehensive Economic Partnership Agreement (CEPA) to promote trade and investment liberalization and strengthen economic cooperation. This agreement will advance tariff elimination and reduction, service trade liberalization, and improvement of the investment environment, significantly expanding economic relations between both countries. Mutual cooperation in Indonesia's manufacturing sector and Peru's mining and agricultural sectors is expected to become more active, with prospects for promoting economic integration between the Asia-Pacific region and South America.