ISDS Case Map
Indonesia
The Indonesian government will not attempt to renegotiate a free trade agreement between Southeast Asian nations and China that will go into effect on January 1, but will request a delay in eliminating import tariffs on more than 300 Chinese products, officials said on Tuesday.
While local industries are seeking a delay in the full implementation of the free trade agreement (FRA) with China, to start in January, China says this stands little chance of succeeding.
The Indonesian Chamber of Commerce and Industry (KADIN) is urging the government to follow up the free trade agreement with the European Union as one of ways to expand market to the region.
Indonesian ministers will meet on Friday to discuss a proposal to renegotiate the Asean-China free trade agreement under a "special status" they will request from ASEAN.
The FTA will allow thousands of products from China to enter Indonesia with no import duties. Millions of workers in the manufacturing sector may be affected.
Lawmakers have demanded that Trade Minister Mari Elka Pangestu make available the feasibility studies on the proposed free trade agreements (FTAs) following business community concerns that losses may outweigh gains.
Indonesia and the European Union signed a Partnership and Cooperation Agreement (PCA) on Monday that will bring Southeast Asia’s largest economy and the largest regional grouping in the world under one umbrella for cooperation on the economy, environment, education, human rights and democracy.
After signing India-ASEAN Free Trade Agreement as one of the 10 members of the bloc, Jakarta and New Delhi are set to launch negotiations for a similar bilateral deal to open trade in goods and services.
Indonesia is upbeat on its growing trade with China, South Korea, India, Australia and New Zealand following plans to set up Free Trade Area (FTA) pacts with those countries under the Association of Southeast Asia Nations (Asean) agreement and by bilateral agreements, a senior official at the Indonesian Trade Ministry said here on Monday.
The Industry Ministry is carrying on with it’s initiative to delay the timing of tariff reductions under the free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and China; while the Trade Ministry says that renegotiation is not the only solution (to protect local industry).
