Prabowo And Trump Agree On New Era Of Mutual Benefit In Bilateral Trade
By Mohd Iswandi Kasan Anuar
JAKARTA, July 16 (Bernama) -- Indonesia's President Prabowo Subianto said he had a 'very good' phone call with United States (US) President Donald Trump, during which they discussed efforts to deepen bilateral trade ties.
In an Instagram post on Wednesday, Prabowo said the two leaders had agreed to usher in 'a new era of mutual benefit' in economic relations between Indonesia and the US.
bootstrap slideshow
'President Trump extends his warm regards to the people of Indonesia,' he added.
The post was accompanied by two photos showing Prabowo in a bright room, first sitting calmly on a phone call, then laughing and leaning back in a relaxed moment.
On Tuesday, Trump wrote on his Truth Social platform that he had finalised an important deal with Indonesia after speaking with Prabowo, and that the landmark agreement opens up Indonesia's entire market to the US for the first time in history.
He also announced that his administration would reduce tariffs on Indonesian imports from 32 per cent to 19 per cent, while US exports to Indonesia would face no tariff or non-tariff barriers.
As part of the deal, Indonesia has committed to purchasing US$15 billion worth of energy products, US$4.5 billion in agricultural goods, and 50 Boeing jets, he added.
-- BERNAMA
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
19 minutes ago
- The Star
US House poised to send stablecoin bill to Trump after 'crypto week' drama
FILE PHOTO: The U.S. Capitol building in Washington, D.C., U.S., June 27, 2025. REUTERS/Elizabeth Frantz/File Photo (Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations. House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that would develop a regulatory framework for cryptocurrencies more broadly. The stablecoin measure, which has already been agreed to in the Senate, is expected to pass and move on to be signed by President Donald Trump as soon as Friday. That would be a major victory for the digital assets industry, marking the first major crypto law enacted in the United States and paving the way for greater integration of crypto into traditional financial markets. Stablecoins, a type of cryptocurrency designed to maintain a constant value, usually a 1:1 dollar peg, are commonly used by crypto traders to move funds. They have gained much momentum in recent years, offering faster and cheaper transaction costs than moving money through a bank. Their use has grown rapidly in recent years, and proponents say they could be used to send payments instantly. The week's negotiations to consider the legislation - dubbed "crypto week" by Republican lawmakers - ran into unexpected hurdles after some conservative hold-outs voted against considering the measures. Trump huddled with skeptics at the White House on Tuesday to try to save the initiative. Even after Trump announced an agreement, it still took about nine hours for the bills to clear key procedural hurdles late on Wednesday as private talks continued. In negotiations that went late into Wednesday evening, lawmakers decided to include language to prohibit the United States from issuing a central bank digital currency in an unrelated defense spending bill as a compromise to conservatives who strongly supported the ban. The anti-central bank currency bill had become a sticking point for conservative Republicans. While central banks in some nations have explored issuing their own digital currencies, the topic has been met with quick resistance in the United States from conservative Republicans, who argue it could allow the government to monitor Americans' spending. The Fed has studied the issue, but Chairman Jerome Powell has said that the central bank would never pursue one absent explicit approval from Congress. House lawmakers have said they are aiming to vote on all three crypto measures later in the day. When asked if he expects the crypto bills to pass on Thursday, House Speaker Mike Johnson told reporters: "I do." (Reporting by Chris Prentice and David Morgan; Editing by Pete Schroeder and Mark Porter)

Barnama
31 minutes ago
- Barnama
Philippines Population Hits 112.7 Million
MANILA, July 17 (Bernama-PNA) -- The Philippines' population stood at 112,729,484 as of July 1, 2024, according to the official results of the 2024 Census of Population (POPCEN), which President Ferdinand R. Marcos Jr. declared official, the Philippine News Agency (PNA) reported. Marcos issued Proclamation 973, directing the Philippine Statistics Authority (PSA), in coordination with the Presidential Communications Office (PCO), to disseminate the population data by province, city/municipality, and barangay to all concerned government agencies and offices. The census was conducted by the PSA from July to September 2024, using July 1, 2024 as the reference date, according to the proclamation signed by Executive Secretary Lucas Bersamin on July 11.


The Star
an hour ago
- The Star
Soccer-Barcelona agree sponsorship deal with DR Congo tourism ministry
KINSHASA (Reuters) -Democratic Republic of Congo has agreed to pay more than 40 million euros ($46.37 million) in a sponsorship deal with Spanish soccer club Barcelona that would see a logo promoting tourism appear on some team apparel, according to a contract seen on Thursday by Reuters. The contract with Barcelona is dated June 29 and stipulates that a logo branding the war-hit Central African country as the "heart of Africa" will appear on the backs of training and warm-up jerseys for the men's and women's teams. The logo will also appear in advertising for the club and in the club magazine and annual report, the contract says. Congo will pay the club between 10 million and 11.5 million euros annually over the next four seasons, it says. Details of the deal between Congo and Barcelona have not been announced. AS Monaco and AC Milan last month also announced sponsorship deals with Congo without disclosing the amounts. Congolese sports minister Didier Budimbu told Reuters the contract with AS Monaco is worth 1.6 million euros per season. He did not disclose the amounts for the contracts with AC Milan and Barcelona. A Congolese government source said the contract with AC Milan was worth 14 million euros per season. Congo's tourism ministry did not immediately respond to a request for comment on Thursday, while Barcelona told Reuters they had no comment at this time. In February Congo's foreign minister Therese Kayikwamba Wagner urged football clubs Arsenal, Bayern Munich and Paris St Germain to end their "blood-stained" sponsorship agreements with "Visit Rwanda". The appeal came less than a week after M23 rebels seized eastern Congo's biggest city, Goma as part of a lightning advance. Rwanda denies backing M23, saying it is defending itself. A report by a group of United Nations experts obtained by Reuters this month said Kigali exercisedcommand and control over the rebels during their advance, gaining political influence and access to mineral-rich territory. ($1 = 0.8626 euros) (Reporting by Stanis Bujakera; Writing by Robbie Corey-BouletEditing by Toby Davis)