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Jakarta Post

RI expects to sign RCEP in mid-November

  • Dzulfiqar Fathur Rahman

    Jakarta

Jakarta   /   Wed, October 28 2020   /  01:00 am
Sebuah truk menunggu muatan peti kemas di Terminal 3 Pelabuhan Tanjung Priok, Jakarta, Senin (17/2/2020). Menurut data Badan Pusat Statistik (BPS), ekspor ke China mengalami penurunan 211,9 juta dolar AS pada Januari 2020 jika dibandingkan dengan Desember 2019, yakni penurunan pada komoditas ekspor lemak hewan nabati dan bahan kimia organik. (Antara/M Risyal Hidayat)

Indonesia expects to sign the Regional Comprehensive Economic Partnership (RCEP) in mid-November as the countries concerned finish negotiating the trade issues. The government is looking to sign the deal on Nov. 14, said Netty Muharni, the deputy assistant for regional and subregional economic cooperation at the Office of the Coordinating Economic Affairs Minister. Indonesian officials said that ASEAN member countries, with Australia, China, Japan, New Zealand and South Korea as participating countries, had finished negotiating the technical issues of the trade deal and carried out the legal scrubbing up of the agreement text. “After that, there will be a ratification process that can take up to two years before [the RCEP] comes into force, which is possible only if six ASEAN countries and three partners have ratified it,” Netty said in a virtual discussion on Monday...