WASHINGTON D.C. - Coordinating Minister for the Economy Airlangga Hartarto announced that the Agreement of Reciprocal Trade (ART) signed by Indonesia and the United States would benefit textile workers, because the US provides zero percent import tariffs for Indonesian textile and garment products.
This was conveyed by Airlangga at a press conference held on Thursday, February 19 in Washington D.C. local time. According to Airlangga, Indonesia plans to develop textile industry exports from around USD 4 billion to USD 40 billion in 10 years.
Initially, Indonesia was subject to a tariff of 32 percent by the United States. After the negotiation process, it was agreed that a reciprocal tariff of 19 percent would be the basis. However, Indonesia managed to secure a tariff of 0-10 percent for certain products through an agreement.
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