Heaptalk, Jakarta — In a strategic move to counter the imposition of US import tariffs, reaching up to 32%, on select Indonesian exports, the Government of Indonesia has reached five significant agreements with the United States. Minister of Finance Sri Mulyani announced during a press conference on Thursday, April 24, 2025.
- Tariff adjustment on select US products: Indonesia will introduce adjustments to its import tariffs on certain US products. These changes will be selectively applied and are intended to foster a more balanced trade relationship.
- Increased Imports of Strategic US Commodities: The government has committed to boosting imports from the US, particularly for goods not produced domestically. These include oil and gas, advanced machinery, technology equipment, and agricultural products.
- Taxation and Customs Reform: Indonesia will initiate reforms in its tax and customs systems. These reforms aim to increase transparency, efficiency, and compliance, thereby enhancing the country’s overall investment climate.
- Adjustment of Non-Tariff Measures: The two countries also agreed on adjustments to Indonesia’s non-tariff measures. These changes will involve policies related to local content requirements (TKDN), import quotas, deregulation efforts, and technical considerations involving multiple ministries and regulatory bodies.
- Implementation of Responsive Trade Remedies: To safeguard domestic industries, Indonesia will adopt more responsive and rapid trade remedies to manage the influx of imports, ensuring fair competition within the domestic market.
“These policy measures and reforms are designed not only to support economic growth but also to maintain macroeconomic stability and ensure the sustainability of the national budget,” stated Minister Sri Mulyani.
Alongside these bilateral efforts, Indonesia continues to diversify its export markets aggressively. The country is now targeting the ASEAN Plus Three region (comprising China, Japan, and South Korea), the BRICS nations (Brazil, Russia, India, China, and South Africa), and European countries as new export destinations for its flagship products.