Indonesian Political, Business & Finance News

Video: Profitable RI-US Trade Deal, Garment Exports to the US Face 0% Tariff

| Source: CNBC Translated from Indonesian | Trade
Video: Profitable RI-US Trade Deal, Garment Exports to the US Face 0% Tariff
Image: CNBC

Jakarta, CNBC Indonesia – Secretary of the Coordinating Ministry for Economic Affairs of the Republic of Indonesia, Susiwijono Moegiarso, outlined Indonesia’s prospects for expanding export markets to non-traditional countries in Latin America, the Middle East and Africa, in addition to its main partners China, the United States, India, Japan, and Malaysia/Singapore.

Currently, China and the US remain Indonesia’s primary export destinations, with the largest surplus coming from the United States.

In its bid to safeguard exports in existing markets, the government continues to strengthen cooperation, including with the US through the Agreement on Reciprocal Trade (ART), or a reciprocal trade agreement.

Under the ART, Indonesia is seeking tariff exemptions for its flagship commodities, covering 1,819 groups of goods, so tariffs would be zero per cent. The products mainly relate to textiles and textile products (TPT), and are expected to boost the competitiveness of Indonesian garments in the US.

Regarding a USD 15 billion energy sector trade agreement, Indonesia can meet imports of crude oil down to LPG from the United States. This helps Indonesia secure crude oil supply amid supply disruptions in the Middle East.

Separately, the government reaffirmed efforts to attract investment to Special Economic Zones (KEK) with realised investment of more than Rp 336 trillion and the creation of 250,000 jobs across 25 KEKs. Currently, the manufacturing KEKs lead as a source of Indonesia’s economic growth, namely KEK Gresik, KEK Kendal, KEK Galang Batang and KEK Semangke.

For more, watch the dialogue, Andi Shalini with the Secretary of the Coordinating Ministry for Economic Affairs, Susiwijono Moegiarso on Profit CNBC Indonesia, Friday (06/03/2026).

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