“Indonesia and Brazil are weighing a preferential trade agreement as a first step toward deeper ties, widening market access between Southeast Asia and Latin America, Indonesia’s trade minister said.”
“Indonesia proposed the PTA [preferential trade agreement] after negotiations on a broader Indonesia-Mercosur Comprehensive Economic Partnership Agreement made little progress. Mercosur comprises Brazil, Argentina, Paraguay, Uruguay and Bolivia.”
“Santoso said differences among Mercosur members, including views over trade cooperation with Indonesia, have affected negotiations for the broader agreement.”
“Two-way trade between Indonesia and Brazil reached US$3.53 billion in the first six months of 2026, with Indonesian exports totaling US$1.17 billion, the Trade Ministry said.”
“For 2025, bilateral trade totaled US$7 billion, while Indonesia’s exports to Brazil amounted to US$2.21 billion, the ministry said.”
https://en.antaranews.com/news/426189/indonesia-brazil-consider-establishing-indonesia-mecosur-pta