Indonesia, US sign trade deal, finalising 19 per cent tariff rate and no levy on goods like coffee

Indonesian President Prabowo Subianto and US President Donald Trump at the signing of a trade pact in Washington on Feb 19. - US TRADE REPRESENTATIVE PRESS OFFICE

JAKARTA: Indonesia and the United States signed a trade pact on Thursday (Feb 19), finalising a tariff of 19 per cent on most Indonesian exports to the US, as well as a pledge for the South-East Asian country to purchase about US$33 billion worth of American goods.

Indonesian textile exports - up to a volume to be decided - are set to receive a zero per cent levy, which Coordinating Minister for Economic Affairs Airlangga Hartarto touted as a coup for the four million Indonesian workers in the textiles industry.