[ad_1]
“We do not have an FTA with them. Now we’re proposing a limited FTA with them,” Luhut said, adding that he would meet with Ford and Tesla executives to discuss the matter when he travels to the United States later this week.
Luhut’s deputy, Septian Hario Seto, said the FTA proposal, which was still at an early stage, will likely be similar to the one the United States has signed with Japan for the critical mineral trade.
“It’s the same in essence, that for critical minerals there will be free trade with requirements on processing, such as for nickel, aluminium, cobalt, copper,” he said.
Last month, Ford signed an agreement with an Indonesian unit of Brazilian nickel miner Vale and China’s Zhejiang Huayou Cobalt to partner in a US$4.5 billion nickel processing plant in Indonesia’s Sulawesi island.
[ad_2]
Source link