Video: Strategy to Secure Indonesian Industry from Trade Tariff Uncertainty

Amid global geopolitical turmoil and trade tariff wars, the Indonesian government sees a fundamental shift in global trade towards ‘economy security’, prompting every country to secure its national interests. To face this, the government is establishing strategies for setting trade tariffs and strengthening regional trade, including bilateral cooperation. The government is also collaborating with businesses to implement every trade agreement to accelerate trade cooperation and drive the Indonesian economy. One form of trade agreement that is the government’s focus is the IEU-CEPA (Indonesia-European Union Comprehensive Economic Partnership Agreement), a free trade agreement between Indonesia and the European Union with high agreement standards. Every trade deal is encouraged to improve Indonesia’s standards, which is important for strengthening market access for the country. The Indonesian government also continues to pay close attention to the setting of trade tariffs by partner countries, aiming for them not to change easily to provide tariff certainty for businesses. Currently, high-value export markets for Indonesia include the European Union and the United States, which have large absorption capacity, as well as regional markets that are important for strengthening supply chains and non-traditional markets that have the potential to absorb Indonesian products.