Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and sacrificing domestic interests.

JAKARTA: Indonesia's central bank cut rates on Wednesday (Jul 16) for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia's biggest economy amid weakening global trade and slowing domestic demand.

Ursula von der Leyen and Prabowo Subianto announced a "political agreement" to finalize a free trade deal amidst global trade disruptions. The agreement, under negotiation since 2016, aims to boost trade and investment between the EU and Indonesia.