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View all search resultsTrade Minister Budi Santoso has defended the government’s decision to pursue a trade agreement with the United States, known as the Agreement on Reciprocal Trade (ART), which has been criticized for placing Indonesia in an unequal position with the world’s largest economy.
Local think tanks are weighing in on the limited policy space and domestic benefits of the new US-Indonesia trade deal, even as businesses and policymakers wait to decide next moves amid the limbo left by the US Supreme Court's ruling.
A lack of satisfying answers on how to reach growth goals set forth in the freshly unveiled 2026 state budget has led economists to conclude that the fiscal document is based more on political ambition rather than on technocratic calculation.
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