Indonesia's Coordinating Minister for Economic Affairs, Minister of Foreign Affairs, and Minister of Finance will serve as President Prabowo's government delegation to negotiate with the US Trade Representative, Secretary of the Treasury, and Secretary of Commerce in Washington from April 16-23, 2025, utilizing the 90-day tariff implementation extension granted by Trump (until June 9, 2025) for consultations. Key points of the negotiations include Indonesia's commitment to import an additional $18-19 billion worth of products from the US to balance the US-Indonesia trade deficit, involving agricultural products and various other goods, though specific import details have not yet been disclosed; Indonesia will relax VAT tariffs on US imports, a measure that applies broadly, differing from the earlier relaxation of local content (TKDN) requirements for US ICT products; Indonesia will relax TKDN requirements only for US imports in the ICT sector, which is part of the negotiation content and will not affect the business operations of companies from other countries in Indonesia; Indonesia will encourage state-owned enterprises to invest in the US, covering sectors such as oil and gas and information technology, with various forms of investment, but details are not yet determined, to be implemented through the investment management agency BPI Danantara.
Indonesia's Coordinating Minister for Economic Affairs, Minister of Foreign Affairs, and Minister of Finance will serve as President Prabowo's government delegation to negotiate with the US Trade Representative, Secretary of the Treasury, and Secretary of Commerce in Washington from April 16-23, 2025, utilizing the 90-day tariff implementation extension granted by Trump (until June 9, 2025) for consultations. Key points of the negotiations include Indonesia's commitment to import an additional $18-19 billion worth of products from the US to balance the US-Indonesia trade deficit, involving agricultural products and various other goods, though specific import details have not yet been disclosed; Indonesia will relax VAT tariffs on US imports, a measure that applies broadly, differing from the earlier relaxation of local content (TKDN) requirements for US ICT products; Indonesia will relax TKDN requirements only for US imports in the ICT sector, which is part of the negotiation content and will not affect the business operations of companies from other countries in Indonesia; Indonesia will encourage state-owned enterprises to invest in the US, covering sectors such as oil and gas and information technology, with various forms of investment, but details are not yet determined, to be implemented through the investment management agency BPI Danantara.