ARLINGTON, VA. — U.S. Wheat Associates (USW) today welcomed the announcement of an agreed-upon framework between the U.S. government and the Republic of Indonesia for negotiating an Agreement on Reciprocal Trade (ART).
The proposed trade deal is expected to directly benefit U.S. wheat farmers through the removal of Indonesian tariffs on 99% of U.S. products, a reduction in non-tariff barriers and new purchase commitments for U.S. agricultural products, including wheat.
This development follows a major milestone achieved earlier this month when USW and APTINDO, Indonesia’s flour milling association, signed a Memorandum of Understanding (MOU). Under this landmark agreement, APTINDO committed to doubling its annual purchases of U.S. wheat to 1 million metric tons (36.7 million bushels) each year for the next five years, reflecting the rapid growth in demand for wheat foods in Indonesia.
“We are excited and grateful to track this wide-reaching government commitment that includes the agreement signed earlier this month between Indonesian flour millers and the U.S. wheat industry,” said Mike Spier, USW President and CEO. “We thank the Trump Administration, the U.S. Trade Representative and the U.S. Department of Agriculture’s Foreign Agricultural Service (USDA-FAS) for their continued work on behalf of American wheat farmers.”
USW looks forward to the successful negotiation of the ART, anticipating further opportunities to strengthen the economic and trade relations between the United States and Indonesia, ensuring continued growth and market access for high-quality U.S. wheat.
###
U.S. Wheat Associates’ (USW) mission is to “develop, maintain, and expand international markets to enhance wheat’s profitability for U.S. wheat producers and its value for their customers.” USW activities in more than 100 countries are made possible through producer checkoff dollars managed by 17 state wheat commissions and cost-share funding provided by USDA’s Foreign Agricultural Service. USW maintains 15 offices strategically located around the world to help wheat buyers, millers, bakers, wheat food processors and government officials understand the quality, value, and reliability of all six U.S. wheat classes. For more information, visit www.uswheat.org
The post U.S. Wheat Associates Commends Trump Administration for Advancing U.S. Wheat Trade with Indonesia appeared first on New US Wheat.
