RI sends letter to China to renegotiate ACFTA

The Jakarta Post ,  Jakarta   |  Tue, 02/09/2010 10:04 PM  |  Business

The Indonesian government has sent a letter to China requesting a renegotiation of the ASEAN-China Free Trade Agreement [ACFTA].

“Director General for International Trade Gusmardi [Bustami] sent a letter of request to renegotiate with China. The request is still in process and will take some time,” Industry Ministry M.S. Hidayat told Antara on Tuesday.

Hidayat further said that Gusmardi had been communicating with the Chinese government over the renegotiation, which he believed to be in progress.

President Susilo Bambang Yudhoyono previously said that he would pursue talks with China to avoid negative impacts from the free trade deal between ASEAN and China.

The ACFTA, based on an agreement signed in 2004 and fully effective as of Jan. 1 this year, has introduced zero tariffs on 6,682 tariff posts in 17 sectors, including 12 in manufacturing and five in agriculture, mining and maritime sectors. (nkn)

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Tjahjokartiko Gondokusumo (not verified), Jakarta — Wed, 02/24/2010 - 2:33pm

Labors, Farmers, Consumers and others will need AFTA Co-op: Messages from the ICA, UN and FAO underline that co-operatives are more resilient to crisis than other forms of enterprise. They are not only surviving the crisis, but also contributing to driving global recovery due to the fact that co-operatives are value based enterprises guided by the Co-operative Values and Principles. However, the ICA warns that only with appropriate policies will co-operatives continue to be able to drive global recovery and thus calls on policy-makers to take into consideration the co-operative enterprise when elaborating regulations and legislation. ICA further calls on co-operators throughout the world to strengthen their commitments to their co-operative values and principles, celebrate their success in these difficult times, and work in partnership to ensure that they continue driving global recovery around the world. See you in HTTP//ICAEXPO.COOP

Prakoso (not verified), Jakarta — Wed, 02/10/2010 - 10:06am

I am wondering why they did not evaluate deeply about the negative impacts to this country before they signed the agreement, hope this renegotiation of ACFTA will be agreed both parties

Matias (not verified), Jakarta — Wed, 02/10/2010 - 7:07am

This agreement is a trend toward some sectors of trading without tariff. The government should play less active role in demote this agreement but let the multinational companies of indonesia proactive play the active role in this agreement. Opportunities to show we are ready and capable to do business within area market business within the asean and china. This is to show whether indonesian multiarea or national companies ready to trade abroad without government wacthing over on tariff. Are our companies mature to trade abroad without our government support? or We are more like state companies that received budget from government to create a company or this collection of tariff actually go to our indonesia companies or the indonesian companies received capital from corruption to do business so let the baby walks in this sector so that we understand our competitiveness.

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