The Asian Monetary Fund has provided about $10 billion in loans to assist Indonesia in building back up and now the U.S. will help to establish a free trade area for our countries. It would take 90 days for this agreement to become effective, therefore, it is important for USA & Indonesia to reach an agreement quickly if they wish to take advantage of the new duty free treatment.
To conclude, Indonesia has made great strides towards transparency, the rule of law, human rights etc. over the last 20 years but they must continue to work hard. Unlike other ASEAN members, they have yet to sign some agreements; therefore, it is critical for the nations to put into writing any agreements reached so that they may follow through on them moving forward.
If you are an American business exporting to Indonesia and are interested about these DSM verifications, please do not hesitate to reach out to me or another American DSM representative. I would be more than happy to answer any questions you may have regarding this DSM.
