Thu, December 17, 2009
Business > Industries

Indonesian minister says no delay on ASEAN-China FTA

2009-12-17 10:53:47 GMT2009-12-17 18:53:47 (Beijing Time)  Xinhua English

JAKARTA, Dec. 17 (Xinhua) -- Indonesian Coordinating Minister for Economy Hatta Rajasa said on Thursday that the country will stick to its commitment in implementing the ASEAN-China Free Trade Area on Jan. 1.

"Generally, we do not have any reason for not to implement the FTA, but (at the same time) we want to protect our national interest," he said after a cabinet meeting here.

Indonesian Vice Minister of Agriculture Minister Bayu Krisnamurthi said on Dec. 15 that the free trade would benefit Indonesia.

He made an example on the agriculture sector, which would have hike on its trade.

Indonesian Finance Ministry has said to reduce over 800 commodities' tariffs ahead of Jan. 1. Under the free trade all import tariffs would be deleted.

HUA HIN, Thailand, Oct. 24 (Xinhua) -- The ASEAN-China Free Trade Area (ACFTA) that takes effect early next year is well on track, with great potentials to produce huge benefits to both sides.

During the on-gong 15th ASEAN Summit and Related Summits, ASEAN leaders said Saturday that the effective implementation of the major milestone in FTA brings ASEAN closer to the ASEAN Economic Community where free flow of goods is one of its major objectives. Full story

HUA HIN, Thailand, Oct. 24 (Xinhua) -- The 15th Association of Southeast Asian Nations Summit issued a Chairman's Statement Saturday, saying the bloc looked forward to the realization of the ASEAN-China Free Trade Area (ACFTA) on January 1, 2010.

"The leaders were pleased to note the progress in the implementation of the ASEAN-China Trade in Goods Agreement and looked forward to the realization of the ASEAN-China Free Trade Area (ACFTA) on January 1, 2010 when ASEAN 6 and China eliminates tariffs on products in their Normal Track," said the Statement.

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