ISDS Case Map
Indonesia
Indonesia, Southeast Asia's largest economy, has delayed signing a trade deal with Australia and New Zealand, due to be inked this month, until March next year, a senior official said Monday.
The negotiation on Free Trade Agreement between Indonesia and New Zealand is expected to be resumed in March 2009 after the signing of the ASEAN-Australia-New Zealand FTA agreement in February 2009.
Indonesia has accused New Zealand of giving “too few” while requesting “too many” special facilities that may harm certain Indonesian industries and cause massive job losses, during an ongoing free trade negotiation that could end in a deadlock.
The Trade Ministry and Industry Ministry are at odds on how to protect the domestic market from a projected influx of imported goods as the global economic slowdown cuts demand, resulting in massive excess in supply in the international market.
Local skilled workers will have a chance next year to try their luck in New Zealand, which has agreed to open up to Indonesian workers as part of a free trade agreement (FTA).
Indonesia and Malaysia had signed here on Wednesday the first Joint Investment and Trade Committee (JICT) agreement to improve trade and investment between the two countries.
Turkey expressed its views to sign free trade agreement with the Association of Southeast Asian Nations (ASEAN) member countries, indicating that serious initiatives may be launched within the scope of Asia-Pacific strategies.
Indonesia and Turkey have pledged to enhance their economic partnership, introducing a plan to formulate a comprehensive trade and economic partnership -- an initial step toward a free trade agreement.
Indonesia may see robust growth in exports to India following the conclusion of negotiations on a free trade agreement between India and members of ASEAN, mainly crude palm oil.
Indonesia has proposed the liberalization of professional and service sectors in Australia and New Zealand under the free trade agreement (FTA) between the two countries and ASEAN members.
