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Southeast Asia's largest economy is considering joining the TPP

Wednesday - 13/06/2018 02:14
In April 1818, Indonesia launched a roadmap with the name "Indonesia 4.0" aimed at upgrading five manufacturing sectors in the hope of bringing Indonesia into the top 10 economies in the world.
Indonesia is revising the Trans-Pacific Partnership (TPP) agreement, which has been ratified by 11 countries after the United States withdrew to take over, Indonesian Vice-President Jusuf Kalla said.
The latest statement from Indonesia marks a new policy shift for Southeast Asia's largest economy, with Indonesia having previously announced a trade agreement that has lost its appeal when it no longer engages. of the United States.
Speaking on the sidelines of the recent Asia Future Conference, Kalla asserted that Indonesia is currently considering the conditions and possibilities of joining the TPP: "Of course, TPP exempts while Indonesia is still paying taxes. , so it will not be easy for Indonesian goods to compete in the market. Therefore, Indonesia's intention will be to join after the official agreement comes into force. "

Mr Kalla said he hoped that the studies his government was conducting could be completed within six months to a year and then Indonesia would make the final decision. The study will focus on how Indonesia's competitiveness will be affected if Indonesia joins the TPP.
Twelve Pacific countries joined the TPP in February 2016, but last year the United States officially withdrew from the deal after US President Donald Trump took office and enforced his pledge. The remaining 11 members agreed to sign the revised TPP, now named CPTPP. The new TPP will come into force once the 6 members have ratified it.
In April of this year, Indonesia launched a "Indonesia 4.0" roadmap with the goal of upgrading five manufacturing industries in the hope of bringing Indonesia into the top 10 economies in the world. Five industries that Indonesia aims to develop include food and beverage; garment and textile; Automobile Industry; chemicals and electronics - these areas face intense competition from neighboring economies in Indonesia.
Indonesia is currently engaged in another major trade agreement, the Comprehensive Economic Partnership Agreement (RCEP). In 2/2018, Indonesia hosted the RCEP dialogue. Indonesia's Trade Minister, Engtekiasto Lukita, asserted that the alliance was regarded as Indonesia's priority.
However, as negotiations continue, the initial round of dialogue could have ended last year, Mr Kalla signaled that Indonesia would give priority to the TPP.
 Tags: indonesia, tpp

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