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The U.S. Reduces Trade Barriers with Indonesia; Signed a $10B Deal

April, 21 2017
watermark Economic news

The America works towards reducing trade barriers with Indonesia which were the focus during the visit of U.S. Vice President Mike Pence with Jakarta’s Investment Chief.

Indonesia, being one of the 16 countries that will be reassessed of its trade surpluses. Pence said that they aim for a business environment where there will be an ‘equal opportunity’ and market entry. There are too many barriers that hamper local and international industries in trading. Both parties refused to discuss the issue with the recent dispute between them.

They also talked about the fight against terrorism while it has been mentioned in the past that Indonesia has concerns with the entry of its people that are majority Muslims.

On Friday, the $10 billion worth of directive between U.S. companies and Indonesia was signed which opens opportunities for both nations.

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