Jakarta (ANTARA) - Coordinating Economic Affairs Minister Airlangga Hartarto highlighted a plan for Indonesian state-owned companies to invest in the US as part of negotiations addressing the 32 percent import tariff imposed by the US on Indonesian goods.
However, the minister had yet to disclose the names of companies, as it would depend on the outcomes of the negotiation scheduled for April 16-23 in Washington, D.C.
"In addition to inviting American investment in Indonesia, Indonesia will also have companies investing in America, so it all depends on the discussions later," he noted in a press conference here on Monday.
Hartarto will lead several ministers and heads of institutions to conduct negotiations with the US government in Washington, D.C., on April 16-23, 2025.
The negotiation team includes Finance Minister Sri Mulyani, Foreign Minister Sugiono, Deputy Chairperson of the National Economic Council (DEN) Mari Elka Pangestu, Deputy Minister of Foreign Affairs Armanatha Nasir, Deputy Minister of Finance Thomas Djiwandono, and Chairman of the Board of Commissioners (DK) OJK Mahendra Siregar.
The delegation will hold meetings with various high-ranking US officials, including representatives from the United States Trade Representative (USTR), the US Department of Commerce, the US Department of State, and the US Department of the Treasury.
During their visit, the Indonesian delegation has prepared several negotiation packages that will be brought to the negotiations. First, Indonesia will propose a revitalization of the Trade and Investment Framework Agreement (TIFA).
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Second, the government will provide a proposal for deregulation of Non-Tariff Measures (NTMs) by relaxing the domestic component level (TKDN) requirement in the information and communications technology sector, as well as an evaluation related to the prohibition and restriction of US export and import goods.
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Third, Indonesia aims to boost imports and attract investment from the US, including the government's efforts to raise the value of imports from the US by US$18 billion to US$19 billion.
Fourth, to encourage greater US imports and investment, Indonesia is also preparing fiscal and non-fiscal incentives, such as reducing import duties and value-added tax on imports.
Indonesian companies to invest in US as part of tariff negotiation
(Ki-ka) Chairman Tunas Niaga Energi Jubilant Harmidy, Founder of Indonesian Masters & Chairman Asian Tour Jimmy Masrin, Direktur Human Capital & Compliance BNI Mucharom, dan Vice President – Hospitality Division The Gesit Companies JS Luwansa Hotel & Convention Center Richard S. Mau dalam jumpa pers Peluncuran Title Sponsor dan Presenting Sponsor BNI Indonesian Masters Presented by TNE 2022 di Jakarta, Jumat (11/11/2022). (ANTARA/Shofi Ayudiana)
