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Jakarta Post

Indonesia, US to devise trade roadmap

  • Kurniawan Hari

    The Jakarta Post

Washington DC   /   Fri, July 27, 2018   /   01:33 pm
Indonesia, US to devise trade roadmap Trade Minister Enggartiasto Lukita (JP/Wendra Ajistyatama)

Trade Minister Enggartiasto Lukita has met United States Secretary of Commerce Wilbur Ross to discuss a trade roadmap between the two countries.

The roadmap will include the private sector from both Indonesia and the US and is expected to increase the value of trade between the two countries.

Enggartiasto claimed that the US had agreed to Indonesia’s offer on the trade value of US$50 billion, almost twice last year’s value of $25.9 billion.

Besides discussing the roadmap, Enggartiasto said the Indonesian government had asked Ross about the review of the generalized system of preferences (GSP).

He had also asked the US to exempt Indonesian products from import tariffs on steel and aluminum products, as they were of different specifications to US products.

“Our products are not competitors to US’ steel and aluminum products,” he said Thursday.

He said the US welcomed Indonesia’s requests and would give positive consideration to Indonesian products that were not produced in US domestic industries.

Enggartiasto’s meeting with Ross is part of the government’s trade mission to boost the country’s commerce with the US. The mission will lobby Washington following the US government’s announcement to review its GSP for Indonesia, as the US government deems that Jakarta implements numerous trade and investment barriers that have serious negative effects on US commerce. (ris)