Indonesia, China to Negotiate Trade Pact to Narrow Deficit
Indonesia and China are planning to negotiate a new trade agreement to address Indonesia's growing trade deficit with China. The discussions are expected to begin during the upcoming APEC Summit.
Why it matters
As China is Indonesia's largest trade partner, balancing this trade relationship is critical for Indonesia's economic stability and domestic industrial growth.
November 12, 2026 | 9:01 am SHARE URL berhasil di salin. President Prabowo Subianto speaks with Chinese President Xi Jinping during the APEC Economic Leaders' Meeting (AELM) held at the Hwabaek International Convention Centre (HICO) in Gyeongju, South Korea, on Saturday, Nov. 1, 2025. (Photo courtesy of the Presidential Press Bureau) Jakarta. The government recently revealed that a new Indonesia-China trade agreement was in the pipeline as Jakarta sought to narrow its multi-billion-dollar deficit.
President Prabowo Subianto and his Chinese counterpart, Xi Jinping, will discuss the upcoming agreement when they meet at the Shenzhen APEC Summit next week. However, their discussion would put more emphasis on getting the negotiations started, said Santo Darmosumarto, the director-general for Asia-Pacific affairs at the Foreign Ministry.
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