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NEWS UPDATES Asean Affairs  March 9, 2018  





RI diversifies trade, accelerates deals in anticipation of trade war: Minister

Indonesia is preparing for a tougher trade war by diversifying its export destinations and accelerating the process of trade agreements with its traditional export destinations, said National Development Planning Minister Bambang Brodjonegoro in Jakarta on Thursday.

Bambang was asked to comment on United States President Donald Trump’s plan to impose a 25 percent import tariff for steel and 10 percent import tariff for aluminum.

Many countries responded to the plan with outrage. China and the European Union have said they would retaliate if the US went ahead and implemented its plan.

"Indonesia’s strategy is to expand the export destinations and establish agreements with countries of our traditional markets,” said Bambang at his office on Thursday.

For market diversification, the government had been in trade talks with Pakistan, India and Turkey, as those countries could become new Indonesian export destinations, Bambang said, adding that Indonesia was currently also involved trade talks with the EU and Australia.

He stressed that Indonesia was ready to become fair trade partners with any country. "We are aware that there will be no country that is interested to make a trade agreement with Indonesia if they have to have a big trade deficit," he said.



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ASEAN  ANALYSIS

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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