– Indonesia wants to expedite talks on a trade deal with the European Union and complete within a month a review of trade with the United States, the president, and new deputy foreign minister said on Friday.
Siregar said President Widodo wanted him to ensure Southeast Asia’s biggest economy retained its privileged trade status with the United States, known as the Generalized System of Preferences , which gives Indonesia reduced tariffs on about $2 billion of exports. Getting the GSP eligibility extended “could have a massive impact which could double the size of our trade with the US,” said Siregar, who earlier this year moved to Washington as Indonesia’s ambassador to the United States.
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