Incumbent President Joko “Jokowi” Widodo ordered the ministers to immediately join the CPTPP, he said, adding that president-elect Prabowo Subianto shared the same objective.
ndonesia has made an official request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Coordinating Economic Minister Airlangga Hartarto said on Monday.
Incumbent President Joko “Jokowi” Widodo ordered the ministers to immediately join the CPTPP, he said, adding that president-elect Prabowo Subianto shared the same objective.
“Yesterday, the [incumbent] president asked us to immediately join the CPTPP. So, yesterday I talked about the CPTPP to the president-elect, Pak Prabowo, and [he] asked [us] not to wait around,” he said in Jakarta on Monday, adding that an official request has been submitted to New Zealand as the pact’s depositary.
The CPTPP is a trade agreement between New Zealand, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore and Vietnam.
The agreement, which entered into force at the end of 2018, covered around 13.4 percent of the world’s gross domestic product, making it one of the largest free trade agreements (FTAs) in the world.
Indonesia has long been reluctant to join the club, once called the Trans-Pacific Partnership (TPP), as the country has been focusing on the Regional Comprehensive Economic Partnership (RCEP). Billed as the world’s largest free trade bloc, the RCEP was formed existence in January last year.
In May, the government said it would apply to join the pact this year.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.
Quickly share this news with your network—keep everyone informed with just a single click!
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Get the best experience—faster access, exclusive features, and a seamless way to stay updated.