- The Indonesian government has announced a breakthrough in trade negotiations with the US, potentially making Indonesia the second ASEAN country to secure such an agreement.
- Securing more favourable deals than Vietnam is a precondition for Indonesia to reinvigorate its manufacturing sector. However, Indonesia’s limited bargaining power could damage the possibility of such a deal.
- Fulfilling the pledged USD 34 Bn in imports from the US will likely require significant involvement from businesses and the public sector, given the limited purchasing power of Indonesian households.
