JAKARTA - President Prabowo Subianto stated that Indonesia and the United States had reached a solid agreement after negotiations in recent months before the signing of a reciprocal tariff agreement scheduled for Thursday local time.
When attending a business gala dinner for breaking the fast, in Washington DC, United States, Wednesday night local time (18/2), he explained his presence to complete a trade agreement that was considered important and large for both countries.
"We have been negotiating very intensively over the past few months and I think we have reached a solid agreement on many issues," said Prabowo as quoted by ANTARA, Thursday, February 19.
The President hopes that the trade agreement that will be signed can be a major boost for the sustainable US-Indonesian partnership and economic cooperation.
In addition to the reciprocal tariff agreement "Agreement on Reciprocal Tariff (ART)", Prabowo explained, Indonesia and the US have signed a number of important agreements, both between government agencies and between companies.
"The agreement, among others, is an implementation agreement as a follow-up to the main points that have been agreed between Indonesia and the US regarding the trade balance between the two countries," he said.
For information, the president made a working visit to the United States to attend three agendas.
The first agenda is a meeting with a group of American businessmen on Wednesday (18/2), then the inaugural summit of the Gaza Peace Council (BoP) on Thursday (19/2).
Furthermore, Prabowo will hold bilateral meetings with US President Donald Trump, one of which is to sign a reciprocal trade agreement (agreement on reciprocal trade/ART), which has been under negotiation since 2025.
In this agreement, Indonesia is committed to opening market access for United States products, overcoming various non-tariff barriers, strengthening cooperation in the fields of digital trade and technology, national security, and other commercial cooperation.
The United States is committed to providing tariff exemptions for a number of Indonesian export products that are not produced in the US, including palm oil, cocoa, coffee, tea, and other strategic commodities.
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