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Text your say: RI urged to join TPP, despite some challenges
Lonesome days: There was no loading and unloading work at the Jakarta International Container Terminal (JICT) at Tanjung Priok port as thousands of port workers protested alleged monopoly practices of state-owned company Pelindo II
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Lonesome days: There was no loading and unloading work at the Jakarta International Container Terminal (JICT) at Tanjung Priok port as thousands of port workers protested alleged monopoly practices of state-owned company Pelindo II. Indonesia is expected to increase its trade volumes if it joins the US-led Trans-Pacific Partnership trade deal.(JP/Berto Wedhatama) (JICT) at Tanjung Priok port as thousands of port workers protested alleged monopoly practices of state-owned company Pelindo II. Indonesia is expected to increase its trade volumes if it joins the US-led Trans-Pacific Partnership trade deal.(JP/Berto Wedhatama)
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span class="inline inline-center">Lonesome days: There was no loading and unloading work at the Jakarta International Container Terminal (JICT) at Tanjung Priok port as thousands of port workers protested alleged monopoly practices of state-owned company Pelindo II. Indonesia is expected to increase its trade volumes if it joins the US-led Trans-Pacific Partnership trade deal.(JP/Berto Wedhatama)
Your comments on the suggestion by experts that Indonesia should be cautious in joining the Trans-Pacific Partnership (TPP) trade deal:
The TPP will liberalize the financial services industry more deeply than what we committed to in the ASEAN Economic Community. Local banks and other financial services should consolidate to maintain their competitiveness.
In terms of financial stability, it is important to maintain our policy space for authorities to regulate financial markets. Based on the 1998 and 2008 financial crises, we learned that capital flow management is a strategic and important issue that has to be handled carefully. Removing all kinds of state intervention, such as free trade negotiations envision, could lead to unregulated financial markets that could in turn create uncontrolled volatility.
Ahmad Adi Nugroho
Joining the TPP may make it difficult for Indonesia to compete with other countries that have joined the US-led agreement. Indonesia needs to maximize its strength in food sovereignty by developing high technology in the agricultural sector.
Sutan D. Diapari
I am not a law or economics expert. I'm just a retired Air Force pilot. But if Indonesia wants to join the TPP, it must be prepared to beat the competition in the Trans-Pacific ring. The President should consider its membership in the new trade area and should have a hand in what products Indonesia will offer to win the competition.
E. Nurdin
The benefits outweigh the costs. Indonesia, as the largest and most populous country in ASEAN, will be able to enhance bilateral ties with US, the biggest trading partner in the region.
Despite the opinion of some, Indonesia join the TPP to improve its trading relationship with other member countries.
ICMI
Do you honestly think that Indonesia has the discipline to accept the proposed market access conditions for the TPP?
I am not sure that Indonesia is ready to join the TPP because our industry is not strong enough to compete with the major industries of other developed countries such as Japan or Canada.
Muhammad Yasin
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Topic of the day
Golkar joins the government
After a recent decision from the Supreme Court to terminate the one-year internal conflict in the Golkar Party, the two conflicting sides held a national reconciliation meeting and decided to support President Joko 'Jokowi' Widodo's government. Golkar and the National Mandate Party (PAN), which earlier declared its support for the government, will likely receive ministerial seats in an upcoming Cabinet reshuffle. What do you think?
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