News Directory

Withdrew from ACFTA? Indonesia Loss

JAKARTA, KOMPAS.com - Indonesia will lose money if decided unilaterally withdraw from the ASEAN Free Trade Agreement, China. When Indonesia withdrew from the deal, Indonesia will be more the product is not competitive when marketed in the ASEAN region and China.

This was conveyed by economic observers in the store Prasetyan A national seminar "Strengthening Competitiveness and Preparedness for Small and Medium Enterprises Facing ACFTA" held by Institute of Social Service Research and Atma Jaya Catholic University, Wednesday (17/3/2010) in Jakarta.

He explained that if Indonesia refused to implementing the ASEAN Free Trade Agreement, China (ACFTA), Indonesia will be subject to export tariffs by China standards, ie 10-20 per cent.

"In the ASEAN countries can obtain other facilities zero percent import duty, Indonesia subjected to the standard tariff. Our products will become less competitive, "said Prasetyantoko, Chairman of the Institute for Research and Community Service Unika Atma Jaya.

He admitted, could open opportunities ACFTA Indonesian products market in China. However, it must be accompanied by strengthening the competitiveness of small and medium enterprises (SMEs) Indonesia, especially for textiles, footwear, and toys. "A lot of the weak point of SMEs in Indonesia," he said.
(OSA)

More details click Compass