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Jakarta Post

Government upbeat US will maintain GSP status for Indonesia

  • Adrian Wail Akhlas

    The Jakarta Post

PREMIUM
Jakarta   /   Tue, November 26, 2019   /  04:03 pm
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Large cranes are operated to load export commodities at Tanjung Priok Port, North Jakarta. Indonesia hopes the United States will maintain the GSP special trade status for Southeast Asia's largest economy.(Antara/Rivan Awal Lingga)

The government is upbeat that the United States will maintain the special trade status for Indonesia as most of the US’ concerns on trade privileges have been settled, a senior trade official has said. Deputy Trade Minister Jerry Sambuaga said in Jakarta on Monday that negotiations over three remaining issues that would enable Indonesia to continue to enjoy the Generalized System of Preferences (GSP) could be concluded in December this year. He said the three issues were related to data localization, foreign ownership in insurance and reinsurance companies and business licenses. Jerry said he had talked about the problems with US trade representatives and the US Department of Commerce during his visit to the US recently. “We asked them about the GSP being realized in the near future, this year if possible, " he said during a media briefing on his visit to the US...