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Jakarta Post

RI team set for talks to avoid trade spa

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Thu, July 12 2018   /  12:05 am

The government is preparing to lobby the United States Trade Representative (USTR) in a bid to maintain duty-free privileges under the Generalized System of Preferences (GSP) for exports to the world’s largest economy.

Coordinating Economic Minister Darmin Nasution said the government had been preparing material to lobby the US administration at an upcoming meeting in an effort to maintain the GSP.

“[The government’s goal] is to maintain the GSP because it has a considerable impact on our exports,” he said at his office in Jakarta on Wednesday.

Darmin estimated that Indonesia’s main commodity exports might drop around 30 to 40 percent if the GSP facility was lifted as Indonesian commodities to the US would be slapped with an increase in import duty of between 10 and 25 percent.

On April 12, the USTR announced on its website that it would review the G...