Jakarta, Aug. 12 -- The Indonesia-Peru Comprehensive Economic Partnership Agreement (CEPA) has the potential to push up national exports to Peru by up to US$5 billion, according to the Indonesian Trade Ministry.

The ministry's director general of international trade negotiations, Djatmiko Bris Witjaksono, said that the agreement will benefit both countries in terms of exports and increase competitiveness in the region.

"We are targeting US$5 billion in the next few years. Hopefully, the result can be realized beyond the target," he added at a press conference on Tuesday.

He informed that the total trade between Indonesia and Peru was recorded at US$480.7 million in 2024. While still relatively small, Indonesia's trade with Peru showed ...