OJK Assesses Impact of Indonesia-US Trade Agreement on Banking Sector
JAKARTA, KOMPAS.com - The Indonesian Financial Services Authority (OJK) has begun to more closely examine the impact of the Agreement on Reciprocal Trade (ART) between Indonesia and the United States on the national banking industry.
The Head of Banking Supervision at the OJK, Dian Ediana Rae, said that they are still analysing in more detail the extent to which the agreement’s provisions on tariffs and trade policies will have an effect on increasing Indonesian exports to the United States market.
“We are looking at whether the agreement with the US regarding tariffs and other matters will have a significant impact on boosting exports to the United States and so on. We will monitor its progress,” said Dian when met in Jakarta, Thursday (26/2/2026).
In addition to the export issue, the OJK is also highlighting the policy on the transfer of personal data in the ART agreement between Indonesia and the United States. He said that the regulator continues to encourage the banking industry to have data centres in the country.
This policy is considered important to maintain the operational performance of the banking sector, as well as to ensure the security and sovereignty of customer data.
“The point is, in the banking sector, we are now encouraging them to have their own data centres in Indonesia because the policy is like that,” he explained.
According to him, the direction of policy in the banking sector depends on the decisions and priorities of national policy. When previously the authorities encouraged banks to store data in the country, this policy was based on certain strategic considerations.
“It actually depends on the policy, because it is our national policy. Of course, we used to encourage them to store their data here. This was based on certain reasons at the time,” said Dian.
The signing was carried out directly by President Prabowo and US President Donald Trump during President Prabowo’s visit to Washington DC, United States.
The Secretary of the Cabinet, Teddy Indra Wijaya, said that this agreement will strengthen economic security, encourage economic growth, and sustainably contribute to global prosperity.
“This historic agreement between the United States and the Republic of Indonesia concerns the Agreement on Reciprocal Trade. Both leaders expressed satisfaction with the rapid and sustainable steps taken by both countries, and reaffirmed their strong commitment to implementing the major agreement,” said Teddy in a statement via @sekretariat.kabinet, Friday (20/2/2026).