JAKARTA, Feb 20 (Reuters) – Indonesia and the United States have signed an agreement on reciprocal trade, with Washington maintaining the 19% tariff it had previously agreed for goods exported by the Southeast Asian country, Indonesia said on Friday.
The signing of the agreement by Indonesia’s senior economic minister Airlangga Hartarto and U.S. Trade Representative Jamieson Greer followed months of negotiations, after Washington last year agreed to lower Indonesia’s exports to the United States to 19%, down from an initial rate of 32%.
“This deal respects the sovereignty of both countries,” Airlangga said from Washington during an online press conference…