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Jakarta Post

Indonesia-US: Deepening trade relations beyond GSP

  • Lili Yan Ing

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Jakarta   /   Thu, August 9, 2018   /  03:02 pm
Indonesia-US: Deepening trade relations beyond GSP A ship discharges cargo at Bitung Cargo Port in North Sulawesi in October 2016. (Antara/Adwit B. Pramono)

The recent visit of the Indonesian trade delegation to Washington DC was described as a “smart move” by the United States, and the response from the US has been perceived as “promising to deepen trade relations” by Indonesia. 

The Indonesian delegation visited the US late in July in response to an invitation from the head of the US Trade Representative (USTR) Robert Lighthizer to discuss a review of the Generalized System of Preferences (GSP). The Indonesian delegation was led by Trade Minister Enggartiasto Lukita.

The GSP is a preferential tariff scheme that allows entry to a market with 0 percent tariff rates, provided, typically, by developed countries to developing countries and least developed countries. The US has offered GSP tariff exemptions since 1976. 

Indonesia is among the countries that have enjoy...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.