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Indonesia seeks FTA with US to benefit from IRA

A senior Indonesian minister is flying to the US to discuss the establishment of a limited free trade agreement covering battery minerals so that Indonesian producers can benefit from subsidies available under the US’ Inflation Reduction Act (IRA), according to local news reports.

 It’s reported that the FTA will be focused on several minerals, starting with nickel, aluminium, cobalt, and copper.

It’s reported that the FTA will be focused on several minerals, starting with nickel, aluminium, cobalt, and copper.

The IRA offers a clean vehicle credit of US$7,500 per electric vehicle. Part of that, however, includes a $3,750 credit for vehicles meeting critical minerals requirements, including the vehicles containing...

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