Indonesia likely to see small gains from US-China deal

18-Jan-2020 Intellasia | JakartaPost | 6:02 AM Print This Post

Indonesia is likely to see a small benefit from the phase-one trade deal between the United States and China as the demand for commodities and the overall Chinese economy are expected to improve. The trade deal, signed on Wednesday, addresses only a third of the tariffs that have burdened the world’s two largest economies and have fettered the global economy with weak demand, according to Bank Central Asia (BCA) chief economist David Sumual. However, an uptick in the commodities trade and a better economic situation for China Indonesia’s main trading partner will benefit Indonesia, a huge exporter of oil, gas, rubber, textiles and minerals, he added. “Indonesia depends on the global cycle of commodities as well as economic activities in China. The trade deal will have a small impact on the country’s economy,” David told The Jaka…

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Category: Indonesia

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