Indonesia will raise imports of U.S. food and commodities while reducing purchases from its current trading partners, Chief Economic Minister Airlangga Hartarto announced during his visit to Washington.
Airlangga is in Washington to discuss a 32% tariff on Indonesian exports, which has been paused for 90 days. Indonesia has proposed increasing its U.S. imports by up to $19 billion, including $10 billion in energy, to address the trade surplus and avoid the tariffs.
The country plans to purchase agricultural products such as wheat, soybeans, and soybean meal from the U.S., along with increasing capital goods imports. Indonesia will also focus on critical minerals and streamline U.S. horticultural product import procedures.
Additionally, Indonesia will simplify permit and incentive processes for American companies. After discussions with the U.S. Trade Representative and Secretary of Commerce, both sides agreed to complete negotiations within 60 days.
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