Indonesia aims to finalise negotiations for major trade deals in 2019
The Indonesian Government targeted completing negotiations on Regional Comprehensive Economic Partnership (RCEP), Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), and Indonesia-Taiwan Economic Cooperation Framework Agreement (IT-ECA) by 2019-end.
Minister of Trade Enggartiasto Lukita (Source: Antara)Jakarta (VNA) – The Indonesian Government targeted completing negotiations on Regional Comprehensive Economic Partnership (RCEP), Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), and Indonesia-Taiwan Economic Cooperation Framework Agreement (IT-ECA) by 2019-end.
Indonesian Trade Minister Enggartiasto Lukitasaid on September 4 that the trade agreements were aimed at driving exports while transforming local businesses to become more competitive in the regional and global markets.
“We cannot increase exports and investments if our country has no trade agreements with other states. Hence, it is crucial for us to seek more collaborations in future,” he stated.
Proposed in 2012, the RCEP aims to reduce import duties and promote investments, intellectual property rights, and technical cooperation among member countries comprising 10 ASEAN nations and its six trade partners - India, China, Japan, the Republic of Korea, Australia, and New Zealand.
The minister stated that this mega pact had yet to be completed, as all member nations are yet reviewing the agreement’s rules and schemes.
For the IK-CEPA, Indonesia and the Republic of Korea will ink the pact at the 30th ASEAN-Korea Commemorative Summit in the latter nation.
In the meantime, the Indonesian government also planned to conclude negotiations on the IT-ECA by the end of 2019, he added.-VNA
You should also see
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
See more
Health
Vietnam has first int’l trauma life support training centre
The International Trauma Life Support (ITLS) Training Centre under the Ministry of National Defence’s Military Hospital 175 officially made its debut in Hanoi on April 15. This is the first of its kind in Vietnam and the fifth established in Southeast Asia.
World
Indonesia speeds up purchasing rice from local farmers
Indonesia’s State Logistics Agency (Bulog) has purchased 120,000 tonnes of unhusked rice (GKP) from farmers through domestic rice procurement, the agency announced.
World
Thailand's Songkran traffic accidents fall over 10%
The number of traffic accidents during the first five days of the Songkran festival’s road safety campaign week fell 10.4% year-on-year to 1,564, Thai authorities said on April 16.
World
Thailand's capital promotes food security projects
The Bangkok Metropolitan Administration (BMA) plans to expand the coverage of its food security projects to more areas in the capital, reported the Bangkok Post.
World
Indonesia issues dengue fever warning to Bali tourists
Indonesia’s Health Ministry has issued an early warning asking local and foreign tourists to remain alert against dengue hemorrhagic fever (DHF), which is on the rise in Bali.
