More Reaction to Indonesia-U.S. Trade Framework
The White House announced a Framework for an Agreement on Reciprocal Trade with Indonesia that will unlock significant market access for American farmers, producers, and manufacturers.
The deal will lower tariff and non-tariff barriers for American exporters.
“The agreement opens the door to billions in new exports, including soybeans, wheat, and other key commodities,” said Mike Seyfert, President of the National Grain and Feed Association.
The National Corn Growers Association says Indonesia is an important market for U.S. DDGS, and U.S. corn and corn products will now have duty-free access in this deal. U.S.
Meat Export Federation President Dan Halstrom says Indonesia is an incredible market with a lot of potential, and the opportunity for U.S. beef could reach $250 million annually.
Indonesia has agreed to purchase $4.5 billion worth of U.S. agricultural products, including soybeans, soybean meal, wheat, and cotton, which is good news for U.S. ag.
