Indonesia: Overview of Indonesia Free Trade Agreements

Indonesia, the largest economy in Southeast Asia, was the 11th largest market for U.S. agricultural exports in 2021 valued at $24.5 billion. Indonesia is party to 14 Free Trade Agreements (FTA), creating tough competition for U.S. agricultural exports. Indonesia’s major FTA partners (i.e., Australia, New Zealand, China, etc.) also benefit from proximity. However, five U.S. agricultural products that are affected by these FTAs remain competitive despite higher tariffs and declining tariff rate quotas. Tree nuts, processed vegetables, corn, beef, and dairy exports from the U.S. totaled more than $516 million in 2021.