24 Jul '11, 6am

Clinton urges Indonesia to reduce trade barriers to improve bilateral trade with the U.S.

US Secretary of State Hillary Clinton on Sunday urged Indonesia to cut tariffs, saying trade between the two countries lagged behind others in Southeast Asia. She said the country of 240 million people was the biggest economy in the 10-member Association of Southeast Asian Nations (ASEAN) but its trade with the United States was well short of where it could be. "While Indonesia is the largest economy in ASEAN, trade between our two countries lags behind others in the region," she said during a meeting with Indonesian Foreign Minister Marty Natalegawa and other officials. "Last year America’s trade with Indonesia surpassed $20 billion, but it hit $40 billion with Malaysia. So we want to collaborate on ways to reduce tariffs and other barriers." Clinton on Saturday attended a gathering of Southeast Asian entrepreneurs alongside Indonesian Trade Minister Mari Elka Pangestu,...

Full article: http://sg.news.yahoo.com/clinton-urges-indonesia-reduce-t...

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