JAKARTA - Indonesian President Prabowo Subianto and US President Donald Trump signed a Reciprocal Trade Agreement in Washington, D.C., Thursday, February 19. The government called the document a marker of a new phase of Indonesian-US economic cooperation amid trade competition and global economic pressures.
The signing was held in Washington, D.C., United States, and was part of the agenda of the bilateral meeting of the two heads of state. This agreement focuses on strengthening trade relations that are mutually beneficial and accelerating the implementation of various economic commitments that have been discussed previously.
Cabinet Secretary Teddy Indra Wijaya said the agreement was designed to strengthen the two countries' economic cooperation in a concrete and sustainable manner.
"This historic agreement between the United States and the Republic of Indonesia contains a Reciprocal Trade Agreement. Both leaders expressed satisfaction with the rapid and sustainable steps taken by both countries, and reaffirmed their strong commitment to implement this major agreement," said Teddy in a written statement received in Jakarta, Friday, February 20.
According to Teddy, Prabowo and Trump have high hopes that the agreement will be able to strengthen economic security and encourage economic growth in each country, as well as contribute to global economic stability.
"This agreement will strengthen economic security, encourage economic growth, and sustainably contribute to global prosperity," he said.
He emphasized that the two heads of state did not want the agreement to stop at the symbolic level. Both have instructed their ministers and related officials to immediately follow up on the agreement so that its implementation runs effectively.
"President Trump and President Prabowo also instructed ministers and relevant officials to take further steps to open a new golden era for the strategic partnership between the United States and Indonesia," said Teddy.
With this signing, the government assesses that trade relations and strategic trust between Indonesia and the United States have entered a new phase. However, the effectiveness of the agreement will depend heavily on the speed and consistency of policy implementation at the technical level in the near future.
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