Indonesia to assess free trade deal impacts

Indonesia has set up a special task group work focusing on in forecasting disadvantages domestic industries may encounter because of the ASEAN-China Free Trade Agreement (ACFTA) and the Common Effective Preferential Tariff (CEFT) brought by the ASEAN Free Trade Agreement.
Indonesia has set up a special task group work focusing on in forecasting disadvantages domestic industries may encounter because of the ASEAN-China Free Trade Agreement (ACFTA) and the Common Effective Preferential Tariff (CEFT) brought by the ASEAN Free Trade Agreement.

The Indonesia Coordinating Minister for Economy, Hatta Radjasa, said that the group will monitor the implementation of intellectual property rights, consolidate the export market and forecast trade frauds.

Indonesian authorities said they hoped that the group will help prevent smuggling and monitor the circulation of goods on the domestic markets.

Indonesia has recently proposed other Southeast Asian nations to delay the implementation of tariff cuts that is in accordance with ACFTA.

A number of Indonesian industries, including textile sector, complained that they will be hurt by ACFTA when cheap China imports flood the domestic market.

Indonesia wants to re-negotiate with other ASEAN member countries and China on tariffs on 228 categories of goods of eight industrial sectors which are considered to be weaken by ACFTA./.

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