Overview
- Indonesia will remove non-tariff barriers and accept U.S. standards for vehicles, medical products, and digital trade, including ending pre‑shipment requirements and supporting a WTO moratorium on electronic transmission duties.
- Palm oil plus coffee, cocoa, rubber, and spices from Indonesia will be tariff‑free, with a zero‑duty textile quota to be set based on use of U.S. cotton and man‑made fiber inputs.
- Governments cited about $33 billion in planned U.S. energy, agriculture, and aerospace purchases tied to the pact, while companies announced $38.4 billion in separate commercial agreements.
- Critical‑minerals cooperation deepened through a Freeport‑McMoRan memorandum to extend and expand operations in Indonesia’s Grasberg district.
- The agreement was signed in Washington by the leaders and trade chiefs and includes mechanisms for later adjustments by mutual consent after it enters into force.