President Prabowo Subianto Convenes Cabinet Meeting to Tackle Global Economic Challenges

President Prabowo Subianto and ministers at the limited cabinet meeting, Friday (06/27) (Photo by: BPMI of Presidential Secretariat)

Following the visit from Malaysian Prime Minister Anwar Ibrahim, President Prabowo Subianto Friday (06/27) at the Merdeka Palace, Central Jakarta, held a limited cabinet meeting.

Speaking to reporters after the meeting, Cabinet Secretary Teddy Indra Wijaya stated that the discussion centered on Indonesia’s response to global economic challenges, including ongoing tariff negotiations with the U.S. and measures to revitalize regional cooperation within Southeast Asia.

“One of the efforts to respond to the current economic dynamics is the deregulation of the real sector through the revision of Regulation of  Minister of Trade Number 8 of 2024 that will be simplified into sectoral rules, allowing for greater flexibility,” Teddy said.

Teddy went on to say that the President also underscored the importance of creating a competitive business environment by removing bureaucratic barriers to licensing, aiming to support sustained domestic economic growth.

He added that the meeting also reviewed encouraging progress in trade negotiations between Indonesia and the United States.

According to Teddy, the two countries are committed to pursuing a mutually beneficial partnership.

“Indonesia and the U.S. have agreed to seek a win-win solution, given the strategic dimensions of their economic relationship. Negotiating teams from both sides are actively working through the proposals and requests,” he added.

Teddy further noted that the Government has received strong backing from U.S. economic authorities.

“The Government has received support and positive responses from U.S. Secretary of the Treasury Scott Bessent and U.S. Trade Representative Jamieson Greer regarding Indonesia’s initiative to deepen economic ties with the U.S.,” he remarked. (BPMI of Presidential Secretariat) (GWH/EP)