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Today's Headlines Generalized System of Preference

  • Export Indonesia: Barack Obama Signs Generalized System of Preference

    One of the reasons why Indonesia’s economic expansion has been slowing in recent years is weak export performance. Amid sluggish global economic growth, particularly slowing growth in China (one of the key trading partners of Indonesia), global demand for commodities and other products have declined. Indonesia, an important commodity exporter, immediately feels the impact of falling demand. However, Indonesian exports to the USA may rise after President Barack Obama signed new legislation related to US import tariffs.

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