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NEWS UPDATES Asean Affairs    16 May 2012

Flood of Chinese products prompts review of FTA in Indonesia

May 15, 2012

The Association of Indonesian Employers (APINDO) supports the government`s plan to review the implementation of the Free Trade Area (FTA), said APINDO chairman Sofyan Wanandi.

"The loss in the industrial sector is caused by floods of Chinese products in the Indonesian market," he stated here on Wednesday in response to the plan of the Indonesian government and other countries of the Association of Southeast Asian Nations (ASEAN) to review the FTA.

According to Sofyan, Indonesia suffered a loss and trade deficit of US$39 billion in its trade with China last year.

"This year, the loss and deficit could possibly be bigger, and FTA re-negotiations must be done this year as imports from China are bigger that Indonesia`s exports to China," he observed.

He remarked that poor infrastructure was another factor that had contributed to the loss, apart from low exports.

The ASEAN-China Free Trade area was implemented as of January 1, 2010.

"Following the implementation of the FTA, infrastructure remains unimproved by the government, making the competitive power of the domestic industries steadily decline," he continued.

Sofyan pointed out that the FTA scheme benefited China, and that Indonesia is one of the potential markets for products from China.

"China has exported a lot of goods to Indonesia at a low price and also a low quality," he added.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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