13 November 2019

 

Predictions

  • Government’s focus on developing trade will increase opportunities for Western business in coming years
  • Officials will look to conclude new trade deals with major global economies, including…
  • Government will pursue investor-friendly, deregulatory policy agenda, which will facilitate foreign…

 

Analysis

Trade Minister Agus Suparmanto announced his department’s policy priorities for the next five years on 8 November, outlining a focus on concluding international trade agreements and boosting exports. Local media reports of the announcement noted ongoing negotiations to conclude the Comprehensive Economic Partnership Agreement (CEPA) with the EU, and to secure preferential trade agreements with Tunisia, Morocco, Bangladesh and Turkey. Earlier, on 6 November, US Secretary of Commerce Wilbur Ross said a review of Indonesia’s inclusion in the US’s Generalised System of Preferences (GSP) scheme – under which goods from developing countries enter the US tariff-free – was almost finished, and predicted “far more” future investment by US firms in Indonesia.

President Joko Widodo (Jokowi) secured re-election in April, running on an economic development platform. His prioritisation of sustaining GDP growth largely reflects pressure to create jobs that can provide employment for the country’s vast…

 

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