Jakarta, July 28 -- The trade tariff agreement between the United States and Indonesia is expected to improve the performance of some domestic sectors, Finance Minister Sri Mulyani Indrawati said here on Monday.

Speaking at a press conference, she noted that the government has successfully negotiated with the US to bring the reciprocal tariff rate down from 32 percent to 19 percent. This is expected to encourage the performance of sectors such as textile, footwear, and furniture, she expounded.

"Moreover, import with zero percent tariff of US products is estimated to push down prices of oil and gas and food products, so they are lower," she said.

According to the official White House website, the US and Indonesia have agreed on the fra...