Serious talks on trade with US urged 

business April 21, 2017 01:00


THE INDONESIAN Chamber of Commerce and Industry has expressed the hope that United States Vice President Mike Pence’s visit to Indonesia will bring about increased trade and investment between the two countries.

Pence is expected to share the US’ plans and policies and how they will affect Indonesia and its Southeast Asian neighbours, chamber chairman Rosan Roeslani said yesterday.

“We want to ask how to increase our trade and vice versa. 

“Based on our previous conversations with the US Embassy, they would like to decrease trade and instead focus on trade balancing,” he said on the sidelines of an energy seminar in South Jakarta.

Indonesia had a US$13 billion (Bt446 billion) trade surplus with the US, which was being evaluated by the US administration because of an executive order issued by President Donald Trump, Rosan said.

However, the US also had a surplus in the service sector of about $3 billion, he said. “Trade is not just the trade of goods, but of both goods and services. We want to find out how (the US) can develop the services that we need, while we also develop goods (to meet their demands),” he said.

Indonesia was 15th on the surplus list, followed by Canada with an $11 billion.

China was in first place at $347 billion, followed by Japan, Germany, Mexico, Ireland, Vietnam, Italy, South Korea, Malaysia, India, Thailand, France, Switzerland and Taiwan.