Indonesia vows to open 65 percent of market after RCEP
Nearly 65 percent of the Indonesian market will be opened to partner countries once the Regional Comprehensive Economic Partnership (RCEP) takes effect, the Indonesia-based Antara News quoted an Indonesian official as reporting.
Jakarta (VNA) – Nearly65 percent of the Indonesian market will be opened to partner countries once the RegionalComprehensive Economic Partnership (RCEP) takes effect, the Indonesia-based Antara News quoted an Indonesian officialas reporting.
The Indonesian market will gradually be opened topartner countries after negotiations on the agreement are concluded in 2020,Director of ASEAN Negotiations of the Directorate General of InternationalTrade Negotiations of the Indonesian TradeMinistry Donna Gultom told a discussion entitled "RCEP Hopes Investment" in Jakarta earlier this week.
The percentage will increase in the next 10years, 15 years and later 20 years when 89.5 percent of our markets will beopened, she said.
The Indonesian government will make the maximumeffort to put several types of goods or commodities on the highly sensitivelist or even exclusion list during free trade with partner countries, she said.
There is eight percent in the exclusion listwhere Indonesia is not committed to opening its market to all countries andseveral percent where Indonesia will not open its market to several specifiedcountries, she noted.
The sensitivity of each country is differentfrom one another but Indonesia assure that access to the domestic market will reach 89.5 percent compared tothat of other countries at an average of 90 percent, she added./.
Leaders of the Southeast Asian countries met for a second day on November 3 within the framework of the 35th ASEAN Summit and related summits in Thailand, hoping for a breakthrough in the negotiations of the Regional Comprehensive Economic Partnership (RCEP).
Leaders of 16 Asia-Pacific countries, including Japan, China, and India, on November 4 issued a joint statement on the postponing of the signing of the Regional Comprehensive Economic Partnership (RCEP) to 2020 instead of 2019 as scheduled.
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Illustrative image. (Source: Asean.org) 
