“The ambition of the government is to double (US-Indonesia) trade in the next five years to US$60bil, while simultaneously encouraging US investment, ” said vice-foreign minister Mahendra Siregar, (pic) who noted this came after over two years of negotiations.
JAKARTA: Indonesia will see a significant boost in trade and investment from the United States as a result of Washington’s renewed trade preference facility with South-East Asia’s largest economy, according to a top Indonesian official.
“The ambition of the government is to double (US-Indonesia) trade in the next five years to US$60bil, while simultaneously encouraging US investment, ” said vice-foreign minister Mahendra Siregar, (pic) who noted this came after over two years of negotiations.
The Office of the United States Trade Representative (USTR) said last Friday it had closed Indonesia’s eligibility review for access to the Generalised System of Preferences (GSP) facility, with no loss of previous benefits.
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