US Investment in Indonesia to Continue Despite Zero Tariff on American Products
Jakarta (ANTARA) - The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) has confirmed that United States investment in Indonesia will continue despite American products being subject to zero tariffs entering the domestic market.
"Yes, it will continue," said Riyatno, Deputy for Investment Climate Development at the Ministry of Investment and Downstream Industries/BKPM, in Jakarta on Friday.
Riyatno noted that one US investment proceeding as planned is the construction of an AirTag production facility by American tech giant Apple in Batam.
"We are optimistic that investments already in the pipeline will continue. Minister Rosan Roeslani has stated on several occasions that Apple has already purchased land for its planned investment in Batam, and we believe it will proceed," he said.
Furthermore, he explained that BKPM is tasked with attracting and stimulating investment interest in the country, not only from the United States but from other nations as well.
"This means we continue to strive to attract investment from various countries," he said.
US President Donald Trump announced that a 19 per cent import tariff would be imposed on Indonesian products entering the US, based on direct negotiations with Indonesian President Prabowo Subianto.
"Indonesia will pay a 19 per cent tariff to the United States on all their imported goods entering our country," Trump said.
The new figure indicates that an agreement has been reached to reduce US import tariffs on Indonesian products from the previously announced 32 per cent.
Trump further stated that Indonesia had pledged to remove all tariff and non-tariff barriers on US products entering the country.
"Should products from third countries subject to higher tariffs be exported to the US via Indonesia, the 19 per cent tariff will be added to those products," Trump said.
"Yes, it will continue," said Riyatno, Deputy for Investment Climate Development at the Ministry of Investment and Downstream Industries/BKPM, in Jakarta on Friday.
Riyatno noted that one US investment proceeding as planned is the construction of an AirTag production facility by American tech giant Apple in Batam.
"We are optimistic that investments already in the pipeline will continue. Minister Rosan Roeslani has stated on several occasions that Apple has already purchased land for its planned investment in Batam, and we believe it will proceed," he said.
Furthermore, he explained that BKPM is tasked with attracting and stimulating investment interest in the country, not only from the United States but from other nations as well.
"This means we continue to strive to attract investment from various countries," he said.
US President Donald Trump announced that a 19 per cent import tariff would be imposed on Indonesian products entering the US, based on direct negotiations with Indonesian President Prabowo Subianto.
"Indonesia will pay a 19 per cent tariff to the United States on all their imported goods entering our country," Trump said.
The new figure indicates that an agreement has been reached to reduce US import tariffs on Indonesian products from the previously announced 32 per cent.
Trump further stated that Indonesia had pledged to remove all tariff and non-tariff barriers on US products entering the country.
"Should products from third countries subject to higher tariffs be exported to the US via Indonesia, the 19 per cent tariff will be added to those products," Trump said.