Indonesia and US Agree on 19% Tariff, Palm Oil and Key Commodities Spared
In a major trade breakthrough, Indonesia and US negotiators have concluded a reciprocal trade agreement that changes the landscape of bilateral commerce between the two nations. The pact sets a 19 percent tariff rate on most Indonesian exports to the United States, down from the previously much higher rate, while securing tariff exemptions for vital Indonesian commodities like palm oil, coffee, cocoa, spices, and rubber. This agreement reflects months of intense diplomatic and economic dialogue aimed at strengthening ties and boosting trade flows.
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