Should Indonesia join the TPP?



Indonesian political and economic analysts pointed out that since the TPP requires a degree of domestic economic liberalization that is much higher than Indonesia’s current economic and trade policy insti…

Indonesian political and economic analysts pointed out that since the TPP requires a degree of domestic economic liberalization that is much higher than Indonesia’s current economic and trade policy institutional structure, the harm caused by Indonesia’s participation in the TPP will outweigh the benefits.

DjismanSimandjuntak, a senior economist at the Indonesian Center for Strategic and International Studies (CSIS), said that the current policies formulated by the government do not comply with the norms that need to be followed to join the TPP. For example, the TPP requires equal treatment for local and foreign investors. , the investment negative list (DNI) implemented by Indonesia will violate this norm.

Once Indonesia decides to join the TPP, the Indonesian government will inevitably amend many laws and regulations and adjust current relevant policies, including investment, labor, trade and intellectual property rights and other TPP-regulated projects; in addition, if business owners believe that the policies implemented by the government have caused harm to the business TPP will also provide companies with greater authority to set up special panels to sue the government for unfair harm to their operations. In addition, TPP will also cancel the special treatment enjoyed by state-owned enterprises.

As for the position of relevant industry associations, in order to allow Indonesian textile and footwear product projects to have the same competitive opportunities as Vietnam, which has joined the TPP, the Indonesian Textile Association (API) and the Indonesian Footwear Association (Aprisindo) have previously The government has been urged to join the TPP.

Indonesian people from all walks of life believe that the possible impacts of Indonesia’s joining the TPP are as follows:

1. State-owned enterprises and private enterprises will enjoy equal treatment.

2. Foreign suppliers will be able to fully participate in government procurement.

3. Eliminate protectionism-related measures, such as regulations requiring product self-production.

4. In case it is discovered that the government’s policies have caused unfair losses to the enterprise, the enterprise can set up a special group to conduct dispute settlement procedures with the government.

5. Competition in related industries (such as finance and agriculture) has intensified.

6. Foreign and local investors enjoy equal treatment. Major revisions to Trade Law, Human Resources Law, Investment Law, Copyright Law and other related laws. Should Indonesia join the TPP

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Author: clsrich

 
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