Indonesia exploits advantages to prepare of AEC
Indonesia has exerted great efforts to prepare itself for the establishment of ASEAN Economic Community (AEC) by the end of this month.
Workers at an industrial park in Indonesia (Source: Reuters/VNA)Indonesia has formed a national committee, which include policy-makers at central and local levels, business leaders, and experts, to analyse and assess the situation and identify all preparatory tasks for the government.
The government has hereby designed new policies to facilitate exports and imports, improve local business climate and increase competitiveness.
It has also developed special mechanisms to handle AEC-related issues and provide information regarding ASEAN Community and its three pillars for not only state agencies but also the public, particularly businesses and students.
Suitable roadmaps have been drawn up to boost promising industries, such as electronics, automobile, cement, textile-garment, footwear, agriculture, seafood and beverage, once the AEC is officially launched.
Indonesia has a population of 253 million people and about 55 million skilled workers.
Unlike Singapore and Thailand who are facing population aging, the country expects to have more than 65 percent of the population at working age between 2020 and 2030.
These would make a great advantage for the country over its peers in terms of workforce.
The People’s Representative Council of Indonesia passed a labour bill last year to establish a legal framework for migrant workers in the country once the AEC is formed.
According to many experts, to advance its regional integration, Indonesia should develop a national programme involving both public and private sectors to enhance quantity of its export products.
Furthermore, the government was urged to fuel infrastructure development by foreign direct investment and prohibit monopolistic practices and unfair business competition in accordance with the country’s Law No.5 of 1999.-VNA
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
ASEAN
Warming waters in Thailand wreaks havoc on marine life
The warming waters of the Gulf of Thailand and the Andaman Sea are negatively affecting marine life, leaving dugongs desperate for food, according to Thai scientists.
World
India’s trade deficit with ASEAN widens
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
ASEAN
Forum boosts economic ties among ASEAN, emerging economies, Russia
An economic cooperation forum on fostering ties between ASEAN and emerging economies, and Russia convened in Hanoi on April 12.
Culture - Sports
ASEAN Graphic Arts Competition and Exhibition 2024 to promote friendship
The Department of Fine Arts, Photography and Exhibition under the Ministry of Culture, Sports and Tourism will collaborate with relevant agencies to organise the ASEAN Graphic Arts Competition and Exhibition 2024.
ASEAN
Malaysia issues heatwave alert for 14 areas
The Malaysian Meteorological Department (MetMalaysia) has issued hot weather warnings for 14 areas across the country, particularly in the states of Perlis, Kedah, Kelantan, Sarawak and Sabah.
