Continued trade negotiations with the USA, now entering their second round next week in Washington, and generally with a very positive feel. A slight reduction in interest rates, with inflation staying well within target range. Further improvement in FATF compliance too. All in all, Indonesia feels increasingly positive.
Tariffs
At the beginning of June Indonesia’s Coordinating Minister for the Economy, Airlangga Hartato, discussed US-Indonesia trade, and tariffs in particular, with US Ambassador Jamieson Greer, over the Organisation for Economic Cooperation and Development (OECD) ministerial-level meeting in Paris. Later, Airlangga stated that “Ambassador Greer appreciates Indonesia's proposal and considers it a good basis for the United States' consideration …”, and explained that the US and Indonesia will shortly enter a second round of discussions with an Indonesian team heading to Washington next week (commencing 9th June). Both sides hope to complete negotiations within 60 days o...
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