Jakarta (ANTARA) \u2014 Prognosa Research & Consulting, a research and\nconsulting firm, has said that the United States\u2019 reciprocal tariff\npolicy (Agreement on Reciprocal Trade\/ART) could place Indonesia in a\nstrategic position among ASEAN member states in Southeast Asia.<\/p>\n
\u201cThis agreement presents both opportunities and risks that the\ngovernment and domestic industry players need to anticipate carefully,\u201d\nsaid Garda Maharsi, Director of Prognosa Research & Consulting, in a\nstatement in Jakarta on Friday.<\/p>\n
The policy could open up significant competitive space for Indonesia,\nparticularly for the textile sector and other flagship commodities.<\/p>\n
The assessment is a finding from Prognosa Research & Consulting\u2019s\nstrategic study. Garda explained that in the study they discuss the full\nimpact of Indonesia\u2019s export downstream to the US\u2014from 32 percent to 19\npercent\u2014coupled with a commitment to buy US products valued at USD 38.4\nbillion.<\/p>\n
It also discussed adjustments to non-tariff policies, including their\nimplications for industrial competitiveness, import dependence, and the\ndownstream agenda.<\/p>\n
This condition opens up significant competitive space, particularly\nfor the textile sector and other flagship commodities. He continued that\nthe obligation to purchase US products valued at USD 38.4 billion,\ncovering the energy, aerospace, and agriculture sectors, could\nfundamentally alter the national trade structure if not managed with\nappropriate mitigation policies.<\/p>\n
\u201cIt is important for the Government to ensure that the affected\nsectors are supported with commitments to knowledge transfer and\ntechnology transfer, in line with the agenda of creating value-added\neconomic activity,\u201d said Garda.<\/p>\n
Therefore, the Indonesian government is advised to take strategic\nsteps to safeguard the competitiveness of the domestic industry.<\/p>\n
\u201cTo ensure survival, the Government should harmonise external\nstandards, build a logistics industry, and sustainable financing. Such\nagreements can be a process of integration into Global Value Chains,\nprovided that sectoral support is in place,\u201d Garda said.<\/p>\n
Meanwhile, regarding the decision by the US Supreme Court (referred\nto as MA) to lift tariff pressure and set a maximum of 10 percent, the\nVice Chairman of the Public Affairs Forum Indonesia\/API and Director of\nPublic Affairs Praxis Sofyan Herbowo said that as a sovereign country\nIndonesia is not in a position to comment on that decision.<\/p>\n
\u201cThat is their domestic mechanism which we must not intervene in,\u201d he\nsaid.<\/p>\n
Sofyan emphasised that in positioning terms, the Public Affairs\ncommunity (PAFI) aims to maximise the gains from this tariff decision\nfor the nation\u2019s interests, domestic industry, and the public.<\/p>\n
\u201cThis is important for Indonesia to seize the new opportunities and\nthe benefits that can be maximised from this policy,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/prognosa-us-tariff-policy-puts-indonesia-in-a-strategic-asean-position-1772762772", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }