According to Reuters and Indonesia’s Antara News Agency, Indonesian Minister of Economy Planning, Airlangga Hartarto, revealed on the 30th local time that as part of negotiations with the United States regarding tariffs, Indonesia has proposed a joint investment in a key mineral project to the United States.
Airlangga Hartarto added that the Indonesian sovereign wealth fund Danantara Indonesia would be involved in the investment for this project. Furthermore, he told Reuters, “We are providing investment in an electric vehicle ecosystem related to nickel and other materials.” However, he declined to disclose more details.
On June 30th local time, Indonesian Minister of Economy Planning, Airlangga Hartarto (left), held a press conference in Jakarta, Indonesia’s capital.
On June 30th local time, Airlangga Hartarto announced at a press conference in Jakarta, Indonesia’s capital, that the Indonesian government had implemented import relaxation policies for ten types of goods, including forest products, fertilizers, footwear and apparel, and plastic raw materials. Hartarto stated that these policies were part of the ongoing efforts to ease regulations and expedite business license processes, following President Joko Widodo’s directives.
It is noteworthy that Indonesia introduced these trade policies just as the final deadline for the U.S. President Donald Trump’s tariff negotiations was approaching. Previously, Trump announced a temporary suspension of high tariffs for 90 days until July 9th. The Indonesian side has not yet responded whether these measures are related to the U.S. tariff negotiations.