Jakarta, Dec. 23 -- Indonesia and the United States (US) have agreed on the substance of the Agreements on Reciprocal Trade (ART) negotiations, Coordinating Minister for Economic Affairs, Airlangga Hartarto said.

The agreement was reached after an official meeting between Hartarto and the United States Trade Representative (USTR), Ambassador Jamieson Greer, on Monday (December 22) in Washington, D.C.

"This agreement is both commercial and strategic and will benefit the economic interests of both countries. Regarding the content and substance, discussions were held from December 17 to 22, and all aspects have been agreed upon by both parties," Hartarto said during an online press conference on Tuesday.

Since the Liberation Day announcem...