According to Indonesia’s “Jakarta Post” report on August 4, Indonesian Industry Minister Airranga said during a meeting with the visiting U.S.-ASEAN Business Council delegation that U.S. investment and trade in Indonesia are mostly concentrated in capital. and technology-intensive industries. Indonesia’s exports to the United States are mostly palm oil, furniture, paper, rubber, etc. The trade between the two parties is highly complementary. In order to promote the export of Indonesian products to the United States, the Indonesian government is seeking to sign a bilateral trade agreement with the United States. For example, he said that the United States and Vietnam have signed a bilateral trade agreement. The tariff on Vietnamese textiles exported to the United States is zero, but a 12.5% tariff is levied on Indonesian textiles exported to the United States. Therefore, in order to promote more textile exports to the United States, signing a bilateral trade agreement is very important. necessary.
It is reported that in addition to the U.S.-ASEAN Business Council, the channels for economic and trade cooperation between Indonesia and the United States include the U.S. Trade and Investment Committee and the Indonesia-U.S. Business Forum.
In 2016, Indonesia’s exports of products to the United States were US$15.68 billion, with the United States being its largest exporter; imports from the United States were US$7.21 billion, and the United States was Indonesia’s fourth largest importer. Indonesia has previously considered becoming a member of the TPP negotiations, and exporting bulk commodities such as textiles to the United States and other countries and regions is its main purpose of joining the TPP. Indonesia seeks to sign bilateral trade deal with US
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