Indonesia is taking strategic steps to diversify its export markets following the introduction of President Donald Trump's tariff policy, which imposes a minimum 10% duty on all U.S. trade partners. Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, emphasized the urgency of accelerating negotiations for key trade agreements, including the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA), which could open access to the EU’s US$16.6 trillion market. Additionally, the Indonesia-Eurasia Economic Union CEPA (I-EAEU CEPA) is progressing and may unlock trade with Russia’s US$2.5 trillion market. President Prabowo Subianto has also stressed the inclusion of transparency and regulatory issues to ensure comprehensive outcomes. In light of these developments, Indonesia is deepening its engagement with a wide range of global economic alliances such as BRICS+, The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP,) ASEAN, G20, Gulf Cooperation Council(GCC), Indo-Pacific Economic Framework (IPEF), Organisation for Economic Co-operation and Development (OECD), and Regional Comprehensive Economic Partnership (RCEP). These efforts aim to mitigate the economic impact of Trump’s tariff hikes—where Indonesian products now face up to 32% in duties—and enhance the country’s global trade flexibility. Airlangga noted that Indonesia’s multi-pronged trade strategy will improve market access, reduce reliance on a single economy, and boost national economic resilience.Source: https://ekonomi.bisnis.com/read/20250408/12/1867480/prabowo-buka-10-pasar-ekspor-baru-demi-antisipasi-efek-tarif-trump (ICE GIACARTA)

Fonte notizia: Bisnis.com, 8 April 2025