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View all search resultsThe DCA negotiations had sparked fierce debate in this country, with many, fueled by nationalist sentiment, believing the defense cooperation scheme would constitute a loss of Indonesian sovereignty by allowing Singaporean military to train on Indonesian soil.
The House of Representatives’ failure to ratify the Regional Comprehensive Economic Partnership (RCEP) before it came into effect on Jan. 1 reflects the concern that Indonesian businesses, especially micro, small and medium enterprises (MSMEs), are still too weak to be exposed to free competition.
Indonesian companies will benefit from the RCEP through lower tariff rates for their exports, better access to cheaper or better-quality imports for making their products and a more open and more transparent business environment for trade in goods, services, investment, and movement of people.
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