U.S. Officials Discuss Trade and Investment Issues With Indonesian Counterparts
U.S. and Indonesian officials concluded a two-day meeting July 17 under the bilateral Trade and Investment Framework Agreement (TIFA) to discuss ways to further build bilateral trade and investment ties and address priority issues, the Office of the U.S. Trade…
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Representative said. The two sides agreed at the meeting in Kuta, Indonesia, to boost their engagement under TIFA and will reactivate working groups that can focus on ways to resolve issues between them, a USTR release said. U.S. Government officials voiced concerns about several recent trade and investment measures that could restrict access to the Indonesian market for livestock, horticulture, and other products, it said. The two sides also discussed Indonesia’s intellectual property regime and agreed to launch a program of expanded engagement under the TIFA working group on intellectual property rights. The U.S. and Indonesian delegations plan a TIFA meeting in mid-September to follow up on this week’s discussions, it said. The U.S. delegation was led by Assistant U.S. Trade Representative Barbara Weisel and included senior officials from the Departments of State, Agriculture, and Commerce, as well as the Patent and Trademark Office and the Environmental Protection Agency. U.S. goods and services trade with Indonesia totaled $28.5 billion in 2011. U.S. exports of agricultural products to Indonesia totaled $2.8 billion in 2011, the 8th largest U.S. agricultural export market. U.S. foreign direct investment was $15.5 billion in Indonesia's market in 2010, mostly in the energy and mining sector.