World

Indonesia explores new export markets amid US tariff concerns

Indonesia has been exploring new export destinations beyond the US and plans to accelerate trade negotiations in anticipation of new US tariffs.

Workers use heavy equipment when loading and unloading containers at Ahmad Yani Port, Ternate, North Maluku (Photo: Antara)
Workers use heavy equipment when loading and unloading containers at Ahmad Yani Port, Ternate, North Maluku (Photo: Antara)

Hanoi (VNA) - Indonesia has been exploring new export destinations beyond the US and plans to accelerate trade negotiations in anticipation of new US tariffs.

Coordinating Minister for Economic Affairs Airlangga Hartarto said on February 20 that the Indonesian government is seeking new export markets in Africa, the Middle East, and Latin America.

Several trade agreements are expected to be finalised soon, leveraging opportunities with BRICS and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Airlangga noted that the government continues to monitor global trade developments and conditions.

Given current trends, there has been relatively no disruption to our trade, as 83% of Indonesia's trade is conducted outside the US, he said.

He remains optimistic that Indonesia will continue to engage in global trade with various nations and is well-positioned to withstand external pressures due to its strong domestic market resilience./.

VNA
#Indonesia #export markets #US tariffs #trade negotiations #BRICS #CPTPP Indonesia
Follow VietnamPlus

Related News

A farmer plants vegetable seedlings in a peatland in Pontianak, West Kalimantan, Indonesia (Photo: ANTARA)

Indonesia expands carbon trade with nature-based solutions

During the Indonesia Climate Policy Outlook 2025 event, hosted by the Foreign Policy Community of Indonesia (FPCI) in Jakarta on February 20, he stated that Indonesia joined the global carbon trade network by launching international carbon trade transactions at the Indonesian Stock Exchange in January.

See more

Coordinating Minister for Economic Affairs Airlangga Hartarto answers questions from journalists on the sidelines of his official duties accompanying President Prabowo Subianto in St. Petersburg, Russia, on June 20. (Photo: ANTARA)

Indonesia concludes FTA talks with Eurasian Economic Union

Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.

Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.

Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.

The exhibition stall of Vietnam News Agency at the National Press Festival 2025. (Photo: VNA)

Cuban journalist praises revolutionary press’s role in Vietnamese history

In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.

Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

Thailand engages USTR on five-point trade proposal

Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.

(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.