EXCLUSIVE: U.S. trade officials, at the request of card networks Mastercard and Visa, convinced Indonesia late last year to loosen rules governing its new domestic payment network by gheasuroyo AdityaKalra f_potkin
), convinced Indonesia late last year to loosen rules governing its new domestic payment network, according to Indonesian government and industry sources, and emails reviewed by Reuters.
The lobbying effort in Indonesia was detailed in more than 200 pages of email communications between U.S. trade officials and executives of card companies that Reuters obtained under the U.S. Freedom of Information Act. U.S. trade officials made changing that rule a top demand if Indonesia were to retain a privileged trade status known as the Generalized System of Preferences , three Indonesian officials and two industry sources involved in the negotiations told Reuters. GSP gives Indonesia lower tariffs on exports to the United States worth $2 billion annually.
Visa said it “routinely engages with governments around the world to promote the value of digital payments and to advocate for open markets, free trade, and global competition.” Mastercard’s recommendation that the extension of Indonesia’s GSP status should be contingent on changing the NPG rules came in an email sent to a USTR official by the company’s public policy executive in Indonesia, Wilson Siahaan, on Nov. 2.
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