Talks on a tariff and trade deal between Indonesia and the U.S. appeared to be on the brink of collapse earlier this month, but The Business Standard said the issues appear to finally be resolved. Indonesia’s chief trade negotiator said the two sides have agreed on “all substantial issues” for a tariff deal, paving the way for an agreement signing by the end of January. Indonesia’s senior economic minister said the main challenge was providing balanced market access for American products, and at the same time, market access for Indonesia into the U.S. market. “There is no factor that can hinder the signing of this Agreement on Reciprocal Trade,” said the minister. From January through October, trade between the two countries was worth $36.2 billion, with Indonesia carrying a $14.9 billion surplus. Data shows the U.S. is Indonesia’s second biggest export market.
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