Indonesia rushing to complete trade deals with Europe, Canada as a hedge against looming US tariff

With the US tariff looming, Indonesia, under President Prabowo Subianto, is negotiating with other countries and groupings as alternative markets for its exports. -- PHOTO: AFP

JAKARTA (The Straits Times/ANN): Indonesia is rushing to complete several trade deals to diversify its export market as a hedge against the impending tariff from the US, in a move welcomed by industry players.

A top Indonesian official said South-east Asia’s largest economy is seeking zero per cent tariff from trade deals with the European Union, which has 27 member countries.