US Trade Representative Susan C. Schwab met on Friday with Indonesia's Minister of Trade, Mari Pangestu, to discuss the United States-Indonesia Trade and Investment Framework Agreement (TIFA).
They also discussed ways to further build US-Indonesia economic relations,
and increase cooperation on regional issues and the WTO Doha Round negotiations.
“I am pleased with our plan to intensify our engagement on the most pressing
issues in the bilateral relationship,” Ambassador Schwab commented, adding that:
“Indonesia is a key trading partner in a commercially and strategically
significant region. I look forward to advancing our initiatives on investment,
intellectual property, and goods and services which will benefit both economies.”
The two top trade officials discussed the importance of the two nations’
joint efforts to make progress in the World Trade Organization’s Doha
Development Agenda negotiations (Doha Round).
“Indonesia has the largest economy in Southeast Asia and it plays an important
role in the Doha Round,” Schwab explained, going on to state that:
“We anticipate that Indonesia will make a significant contribution to
a successful market-opening agreement.”
Ambassador Schwab and Minister Pangestu welcomed the progress being made in
implementing the bilateral Memorandum of Understanding (MOU) on Combating Illegal
Logging and Associated Trade.
They expressed satisfaction with the outcome of the fourth meeting of the working
group on 24th-25th March, and reflected that the MOU is producing tangible results.
These joint efforts are continuing, with additional meetings of the Working
Group planned for later this year.
The meeting between Ambassador Schwab and Minister Pangestu capped two days
of TIFA meetings between delegations from both countries.
The meetings covered a wide range of issues, including investment, intellectual property rights, agriculture, industrial products, and the transshipment of textiles and apparel.
Investment was a major theme of the discussions, with Indonesia reporting on
recent changes to its investment regime, and the United States seeking additional
clarity on rules and conditions in key sectors.
Business representatives from the United States and Indonesia also met with
the two trade leaders, to exchange views on ways to expand and improve trade
and investment links between the two countries.
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