Indonesia sends top minister to US to finalise trade deal
Summary
Indonesia is sending its Coordinating Economic Minister Airlangga Hartarto to the US to finalize a trade deal reducing tariffs, aiming to secure exemptions for crude palm oil exports. The deal, announced in July, seeks to strengthen bilateral trade ties and is expected to be signed next year.
Key Points
- Indonesia is sending Coordinating Economic Minister Airlangga Hartarto to the US to finalize details of a trade deal.
- The US has reduced tariffs on Indonesian goods from 32% to 19% in the agreement announced in July.
- Indonesia is negotiating for tariff exemptions on key exports like crude palm oil (CPO).
- The trade deal is aimed to be signed next year by Indonesian President Prabowo Subianto and US President Donald Trump.
