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View all search resultsTotal bilateral trade with Iran stood at merely $206.9 million in 2023, according to the Trade Ministry.
ndonesia is not overly concerned about potential new tariffs announced by United States President Donald Trump targeting countries that trade with Iran, the government has said, citing the relatively small size of bilateral trade, as Jakarta focuses on wrapping up a trade deal with Washington.
Trump said in a social media post on Monday that Washington would immediately impose a 25 percent tariff on all goods and services imported from any country that “does business” with Iran, stepping up pressure on Tehran amid weeks of deadly protests.
“Trade transactions with Iran are not large. Indonesia is not worried and is focused on concluding negotiations with the US,” Coordinating Economy Ministry spokesman Haryo Limanseto, told The Jakarta Post on Tuesday.
Jakarta’s negotiation team is currently in Washington, Haryo added, with both sides aiming to conclude the bilateral trade agreement by the end of the month.
An Agreement on Reciprocal Trade (ART) is expected to be signed by President Prabowo Subianto and Trump in Washington, DC, subject to the talks proceeding as planned.
Read also: Govt to sign trade deal with US in January after clearing final hurdles
Total Indonesia–Iran trade stood at US$206.9 million in 2023, according to the Trade Ministry.
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