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Jakarta Post

Govt likely to join TPP if RCEP stalls

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Mon, April 8 2013   /  10:08 am

The government seems to have softened its stance over the initiative for a free-trade pact with the United States and other Pacific countries, saying its entry into the negotiations would depend on trade agreements with key partners in the region.

Trade Minister Gita Wirjawan hinted that Indonesia would possibly join negotiations for the pact, called the Trans-Pacific Partnership (TPP), once significant progress could be reached in its trade agreement with South Korea and in a regional agreement between ASEAN and six partner countries.

ASEAN is scheduled to have talks on the regional comprehensive economic partnership (RCEP) with Australia, China, India, Japan, South Korea and New Zealand in May.

This partnership will create a economic bloc of more than 3 billion people with a combined economic output of US$17.23 trillion by 2015.

In addition, Indonesia hopes ...