Indonesia pushes for lower U.S. tariffs with palm oil export offer

of September, the Indonesian delegation will propose a tariff reduction by offering several key commodities not produced in the United States, with palm oil among the top items. “For the moment, Indonesia will propose reduced tariffs for commodities that are not produced in the U.S. For example, the U.S. needs a lot of palm oil. So, if we export palm oil, hopefully the tariff will not remain at 19 percent but will be reduced further,” he stated. Other commodities Indonesia intends to propose include shrimp — which already accounts for nearly US$2 billion in exports — as well as timber, furniture, copper, and nickel. The ambassador also highlighted opportunities to boost exports in the garment and apparel sectors, noting that the U.S. holds a large market for these products. “Actually, Indonesia has a very good competitive edge to increase our textile, apparel, and garment exports to the U.S. From our side, let’s work more efficiently. Our exports in this sector can be expanded,” ...