Airlangga: All Points Of The Joint Trade Statement Between Indonesia And The United States Have Been Mutually Agreed Upon

Coordinating Minister for Economic Affairs Airlangga Hartarto has stated that all points in the Joint Statement document regarding the Agreement on Reciprocal Trade between Indonesia and the United States have undergone a mutual agreement process.

This statement was made by Airlangga at the Presidential Palace complex in Jakarta, in response to the official Joint Statement document released by the White House on Tuesday (22/7), local time.

"Everything has been agreed upon by both parties," said Airlangga.

In response to the issue that the United States requested Indonesia to amend its labor regulations, Airlangga denied any changes.

"Everything is already under discussion, and there are no changes. They only requested compliance with regulations, and we have already done that," he stated.

Regarding the issue of personal data protection, Airlangga mentioned that the mechanism for transferring personal data is already in place, adhering to the principle of state responsibility.

"That is already in place. The transfer of personal data is conducted responsibly by the state that is accountable," he remarked.

According to the official website of the White House, the United States and Indonesia have agreed on a framework to negotiate the Agreement on Reciprocal Trade, aimed at strengthening the long-established bilateral economic relationship.

This agreement includes the elimination of up to 99 percent of tariff barriers by Indonesia for U.S. industrial and agricultural products, as well as a reduction of tariffs by up to 19 percent by the U.S. on goods originating from Indonesia.

Both nations have agreed to address non-tariff barriers such as local content requirements, labeling, and product certification, while also enhancing intellectual property protection.

Indonesia will also ease export-import regulations, particularly for U.S. digital, food, and agricultural products, and will facilitate cross-border data flow.

In the areas of labor and the environment, Indonesia is committed to prohibiting the import of goods produced through forced labor, ensuring labor rights, strengthening environmental laws, and combating illegal logging and fishing.

Additionally, Indonesia will remove restrictions on the export of critical minerals to the U.S. Both countries will enhance economic cooperation and supply chain security to counter unfair trade practices from third countries.

Furthermore, a commercial commitment exceeding 22 billion U.S. dollars has been noted between U.S. and Indonesian companies for the procurement of aircraft, agricultural products, and energy.

Further negotiations to finalize this trade agreement will take place in the coming weeks.

Tag: Airlangga Hartarto Minister For Economic Affairs United States