Trade News:
Trade officials from The United
States and Indonesian met several times in 2006 to discuss the range of
outstanding issues affecting the U.S.-Indonesian economic relationship and to
negotiate and sign several agreements.
In September 2006, the
United States and
Indonesia signed an agreement
to cooperate on efforts to prevent illegal transshipments of textiles and
apparel through Indonesia to
the United
States.
This agreement will combat illegal transshipments of textiles and apparel
and facilitate trade by helping both governments better distinguish between
legitimate transactions and shipments that circumvent trade rules and
procedures.
In November 2006, the
United States and
Indonesia signed a landmark agreement
on combating illegal logging and associated trade, the first of its kind for
both countries. The agreement is
designed to promote forest conservation by combating illegal logging and
associated trade, and to help ensure that Indonesia’s legally-produced timber and wood
products continue to have access to markets in the United States
and elsewhere.
In November 2006, the
United States also announced
its decision to improve Indonesia’s standing on the Special 301
Watch List after completion of a review that examined the adequacy and
effectiveness of intellectual property rights (IPR) protection in
Indonesia. The review concluded
that Indonesia had bolstered efforts to
stop illegal production and sales of pirated optical discs by controlling the
licensing of factories and conducting raids against pirate optical disc
factories and on retail outlets selling pirated goods. While recognizing
the progress Indonesia has made, the U.S.
Government review also concluded that sustained efforts and continued progress
on key IPR issues will be essential to avoid a future return to the
Priority Watch List.
Indonesia is the United States’
31st largest goods trading partner.
Trade Data:U.S. goods exports in
2006 were $3.1 billion, up 0.8 percent from the previous year. Corresponding
U.S. imports from
Indonesia were $13.4 billion, up 11.6
percent. Indonesia is
currently the 40th largest export market for U.S.
goods.
U.S. exports of private
commercial services (i.e., excluding military and government) to
Indonesia were $1.2 billion
in 2005 (latest data available), and U.S. imports were $348 million. Sales
of services in Indonesia by
majority U.S.-owned affiliates were not available in 2004 ($1.1 billion in 2003)
(latest data available), while sales of services in the United States by
majority Indonesia-owned firms were $21 million in 2004.
The stock of
U.S. foreign direct
investment (FDI) in Indonesia was $9.9 billion in 2005
(latest data available). U.S. FDI in Indonesia is concentrated largely in the mining, and nonbank holding companies
sectors. Agreements
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