US secures duty-free beef access in sweeping Indonesia trade deal
US secures duty-free beef access in sweeping Indonesia trade deal
The United States and Indonesia have finalised a trade agreement that expands market access for American beef into one of the world’s largest halal protein markets.
Under the agreement, Indonesia will eliminate tariff barriers on more than 99 percent of US exports, including agricultural products, while committing to purchase billions of dollars’ worth of American goods.
In return, the United States will maintain a 19 percent tariff on most Indonesian imports, down from 32 percent previously.
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