Indonesia is poised for an expansion in exports to the United States following the signing of a Reciprocal Trade Agreement in Washington on Feb. 19, which opens wider zero-tariff access for many Indonesian products entering the US market, Trade Minister Budi Santoso said, highlighting that more than 1,800 tariff lines now qualify for 0% duty under the new deal. Leading commodities expected to benefit include palm oil, coffee, cocoa, spices, rubber, semiconductors and aircraft components, boosting market opportunities and strengthening long-term trade ties between the two economies.
The agreement, which awaits ratification and is slated to take effect within 90 days of approval, also supports duty-free entry for certain textile exports under a quota scheme tied to US raw material imports, and builds on a notable trade surplus with the United States, where Indonesia’s exports have been significant across machinery, vehicles and steel products. Indonesian officials are optimistic that this enhanced market access will elevate shipments and drive stronger export growth toward one of its major trading partners.
Source:
https://en.tempo.co/read/2088321/indonesia-expects-surge-in-us-exports-after-trade-deal










