REPUBLIKA.CO.ID, JAKARTA - Peru had been growing potential as a trade partner with Indonesia because there was significant trade between the two countries, the Minister of Trade, Gita Wirjawan said recently. "There is a lot of common ground between Peru and Indonesia and the country is one of our potential trade partners," the minister said in a written statement about bilateral talks with his Peruvian counterpart, Jose Luis Silva Martinot, which took place in Lima, last Friday.

In those discussions, Gita hinted that Indonesia sought to expand cooperation in the fields of economy, trade, and investment with Peru. The Indonesian trade minister also explained that Peru was important for Indonesia because it was the sixth-largest economic power in Latin America, with a gross domestic product of 275.7 billion USD.

Gita noted that total trade between Indonesia and Peru in 2011 stood at 213.4 million USD, rising 69.8 percent from 2010. He also said Indonesia`s export value to Peru in 2011 was 162 million USD, increasing 71.9 percent y-o-y, while the import value from Peru in the same year was 51.4 million USD, rising 76.3 percent y-o-y. The minister further added that Peru was an important partner for Indonesia because the country was the initiator of the Latin American Pacific Alliance.

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