2 hours ago
4
February 9, 2025 | 10:08 am
TEMPO.CO, Jakarta - Chair of the Indonesian Chamber of Commerce and Industry (Kadin) Anindya Bakrie said the trade war between the United States (US) and China and other countries could bring opportunities for the Indonesian economy. He said Indonesia could increase exports of a number of commodities to the US that have so far been supplied by China.
"America needs critical minerals from us, that could be the entry point," said Anindya after becoming the main speaker at the Mayapada Group Executive Gathering 2025 at Mayapada Tower 2 Jakarta, last Tuesday in a written statement, quoted Saturday, February 8, 2025.
According to him, Indonesia and the US currently do not have a free trade agreement (FTA). However, the opportunity for the agreement will occur in the future. "But that could be a possibility because President Donald Trump values bilateral trade," he said.
Therefore, he said, Indonesia could take advantage of these opportunities amid the China-US trade war. The trade war has the potential to depress the economies of both countries.
On the other hand, Anindya added, in the midst of the global economic slowdown, Indonesia and India could be a source of new growth. "When in Davos it was said that they (the Director of the World Economic Forum) were looking for a new growth story," said Anindya. This opportunity refers to the opportunity for Indonesia and India to become Asian countries with high economic growth.
The World Bank estimates that China's economy will grow to 4.5 percent in 2025. Meanwhile, the US economy is still growing at around 2.3 percent until the end of 2024 or still below the world average of around 3 percent.
According to Anindya Bakrie, Indonesia and India tend to be stable in recording economic growth in the range of 5 percent. "So, they (WEF) think, this can be a mainstay of growth in the world. But of course we have our own targets, not just growing, but growing with inclusivity," he said.
Editor’s Choice: U.S. Tariffs on China; Bank Indonesia Talks of Impact on Indonesia's Exports
Click here to get the latest news updates from Tempo on Google News
U.S. Tariffs on China; Bank Indonesia Talks of Impact on Indonesia's Exports
14 jam lalu
High U.S. tariffs could affect strategic sectors that have long relied on the Chinese market.
Trump to Meet Japan's Ishiba as China Trade War Simmers
1 hari lalu
President Donald Trump will meet Japanese PM Shigeru Ishiba as two allies wary of China's boosted business and security ties.
China Tariffs Could Drive US Crude Exports Lower in 2025
1 hari lalu
China consumes around 166,000 barrels of U.S. crude daily, roughly 5% of all U.S. export cargoes.
Chinese Firms Control Around 75% of Indonesian Nickel Capacity, Report Finds
2 hari lalu
A C4ADS report finds that Chinese firms control about 75% of Indonesia's nickel refining capacity.
Trump's Withdrawal from WHO Will Not Make America Great Again
2 hari lalu
Donald Trump's decision to pull the US out of the World Health Organization (WHO) will serve to propel China.
China Challenges Trump Tariffs at WTO as Package Shippers Warn of Chaos
2 hari lalu
China filed a WTO complaint on Wednesday, February 5, 2025, against U.S. President Donald Trump's new 10% tariff on Chinese imports.
2025 U-20 Asian Cup: Indonesian National Team to Depart for China on Sunday
2 hari lalu
The Indonesia U-20 National Team will play its first match in Group C of the 2025 U-20 Asian Cup against Iran on Thursday, February 13, 2025.
U.S. Postal Service Suspends Inbound Parcels from China, Hong Kong
3 hari lalu
The U.S. Postal Service said it would temporarily suspend parcels from China and Hong Kong after President Donald Trump ended a trade provision.
Connections, Power and Privilege: Is the US Learning from Asian Oligarchies?
4 hari lalu
As he left office, outgoing US President Joe Biden claimed that the US was on the road to oligarchy.
What Trump's Exit Bodes for Global Green Transition Efforts
4 hari lalu
Trump's "Drill Baby Drill" not only marks US's departure from Paris Climate Agreement but proclaims a renewed intimacy with the world of coal.
