Jakarta, hitclubapk3 Indonesia
—
Minister of Trade (Mendag)
Budi Santoso
confirm the information
trade deal
Indonesia with
United States
(US) being threatened with failure is not true.
Based on information from US officials, Indonesia is said to be withdrawing several commitments that the two countries agreed to last July.Responding to this, Budi confirmed that currently Indonesia is negotiating regarding several commitments.
“No, everything is still in the negotiation process,” answered Busan, his nickname, when met after the Jakarta Modest Summit 2026 at the Djakarta Theater, Central Jakarta, Wednesday (10/12) quoted
Detikfinance.
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He ensured that the chance of a trade agreement with the US failing would none.Busan also stated that the target for the trade agreement will be completed as soon as possible.
“No, no, that’s part of the negotiation process,” he stressed.
Previously, a US official said that Indonesia’s trade deal was in danger of failing after Indonesia withdrew several commitments made by both parties last July.However, he did not specify which specific commitments Indonesia was withdrawing from.
“They are reneging on what we agreed to in July,” the US official said
Reuters,
Tuesday (9/12).
According to him, Indonesian officials have informed US Trade Representative Jamieson Greer that Indonesia cannot agree to several binding commitments, and wants to reformulate negotiations with the US.
He believes that this step actually risks producing an agreement that is more detrimental to Washington, compared to the two most recent agreements that were reached with other Southeast Asian countries, namely with Malaysia and Cambodia.
Last week, US Finance Minister Scott Bessent stated that Indonesia was ‘rather stubborn’ in trade deals, although he did not specify how hard the lobbying with RI was.
Last July, Indonesia agreed to remove tariffs on more than 99 percent of imported goods from the US, as well as removing all non-tariff barriers facing American companies.
On the other hand, the US is willing to reduce import tariffs on products from Indonesia from 32 percent to 19 percent.
The deal was first announced by US President Donald Trump on July 15.He called the deal a big win for US automakers, technology companies, workers and farmers.
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