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View all search resultsThe comments followed a statement by Coordinating Economy Minister Airlangga Hartarto on Friday that manufactured products such as garments and textiles would receive no exemption from the United states' 19 percent tariff.
The agreement, which is expected to be signed by President Prabowo Subianto and his United States counterpart Donald Trump, will not constrain Jakarta’s domestic policy space and will deliver “balanced economic benefits” for both countries, according to Office of the Coordinating Economy Minister Airlangga Hartarto.
Greer declined to discuss the state of the trade talks with Indonesia, saying they were subject to a confidentiality agreement, but underscoring Washington's interest in finalizing the trade deal.
US President Donald Trump signed a flurry of deals on trade and critical minerals with three Southeast Asian partners on Sunday, as Washington looked to address trade imbalances and diversify supply chains amid tighter export curbs on rare earths by China.
With the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, Indonesia became the first Southeast Asian nation to have such a trade deal with Canada amid the United States’ transformation of its trade ties
Greer was speaking in Kuala Lumpur at the start of a meeting with economic ministers from the 10-member Association of Southeast Asian Nations, amid concerns within the export-reliant bloc over the impact of US tariffs on their economies.
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