Trade Minister: Indonesia Lags Behind on Free Trade
Indonesia has always relied on natural resources, whose commodity prices have now plummeted.
`We must admit that we are far behind our competitors in terms of FTA,` said Thomas at the Indonesian Chamber of Commerce and Industry National Working Meeting in Jakarta on Wednesday (1/6/2016).
According to Thomas, Indonesia has only 10 free trade agreements. Compared to Singapore, Thailand, the Philippines, and Malaysia, Indonesia has the least cooperation with other countries.
`We should catch up,` Thomas said.
Currently, countries that once had no natural resources are on the rise. This is because they have processed their raw materials into finished goods, whereas Indonesia still exports and sells only raw materials.
`In fact, countries that did not used to enjoy commodities are ready now,` said Thomas.
Currently, countries that once had no natural resources are on the rise.
Writer: Adiatmaputra Fajar Pratama
Editor: Sanusi
http://www.tribunnews.com/bisnis/2016/06/01/mendag-indonesia-ketinggalan-di-perdagangan-bebas