Us Trade Agreement With Indonesia

During a meeting with US President Donald Trump, Luhut delivered a message from Jokowi, who thanked Trump for his support for cooperation between the two countries, including the recent extension of the GSP. Indonesia signed a comprehensive free trade agreement with Japan in 2007. In February 2012, it signed a preferential trade agreement with Pakistan, which both governments want to transpose into a free trade agreement. But the Pakistani government reportedly refused to start new negotiations until its concerns about the existing deal were dispelled. The GSP Facility reduced tariffs to US$2.1 billion of the US$18.4 billion Indonesia exported to the US in 2018, based on data from the Indonesian Ministry of Commerce. The best products that enjoyed GSP benefits were tires, gold chains, fatty acids, and leather handbags, as the data showed. The signing was notably experienced by the Minister of Maritime Affairs and Investment, Luhut Pandjaitan, who is visiting the United States this week, as well as by Deputy Foreign Minister Mahendra Siregar. JAKARTA (Reuters) – The United States has lifted tariffs on five Indonesian products as part of a preferred trade facility as part of ongoing trade talks between the two countries, Indonesian officials said. Read also: Indonesia signs $750 million moU with US EXIM While GSP negotiations were ongoing, Indonesia managed to finalize talks with the US on some products, said Rizal Affandi Lukman, deputy minister for the coordination of economic affairs, directly involved in the GSP talks. The products were previously removed from a list of GSP-facilitated products because their exports violated “restrictions of competition” imposed by the United States, said Iman Pambagyo, who heads the ministry`s international trade negotiations department. ==The Agency for International Development (USAID) works with the Indonesian government to promote common economic and security interests and strengthen a stable, self-reliant and resilient Indonesia.

Through results-based investments, USAID works with the Indonesian government, local leaders, the private sector, civil society, and other development partners to strengthen a just and accountable democracy, expand basic services, and improve mutual security and prosperity. The Office of the U.S. Trade Representative (USTR) has lifted tariffs on five Indonesian products: stratated plywood, somewhat fine plywood, dried onions, rattan handicrafts, as well as artificial sugar, honey and caramel, Indonesia`s Ministry of Commerce announced late Tuesday. In 2018, the Millennium Challenge Corporation (MCC) signed a five-year, $474 million pact with the Indonesian government, which aimed to promote renewable energy, improve power, reduce stunting and modernize Indonesia`s public procurement system. MCC`s Board of Directors has also selected Indonesia as the authority to develop a second compact and MCC and the Indonesian government are working in partnership to identify potential investment areas for this new program. Indonesia and the United States are part of a number of international organizations and forums, including the United Nations, the ASEAN Regional Forum, the East Asia Summit, the Asia-Pacific Economic Cooperation Forum, the G20, the International Monetary Fund, the World Bank and the World Trade Organization. Indonesia is a non-permanent member of the UN Security Council in 2019 and 2020. Indonesia also collaborates with the United States on issues of regional and global importance such as countering violent extremism, countering terrorism, global peacekeeping operations, maritime security, and health pandemics. . . .

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