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Jakarta Post

Indonesia in economic cooperation fever

  • Lili Yan Ing

Jakarta   /   Mon, February 4 2013   /  10:32 am

As most of the regional Free Trade Agreements (FTA) in South East Asia started in the early 2000s and came into effect in January 2010, additional economic cooperation, namely Regional Comprehensive Economic Partnership (RCEP), Trans Pacific Partnership (TPP) and Asia Pacific FTA (APFTA) have become an open notion.

By December 2011, APEC members have 110 Regional Trade Agreements/Free Trade Agreements implemented (44 of which were intra-APEC RTA/FTAs) and 129 RTA/FTAs signed (49 of which were intra-APEC RTA/FTAs). Indonesia itself has engaged in no less than six bilateral and regional FTAs: ASEAN Free Trade Agreement (AFTA), Indonesia Japan Economic Partnership Agreement (IJEPA), ASEAN-China FTA (ACFTA), ASEAN-Korea FTA (AKFTA) as well as complementary top-ups of bilateral agreements with its dialog ASEAN partners, namely India (AIFTA) and Australia and New Zealand (AANZFTA).