Not Join TPP yet, Indonesia Going to Aim Non-Traditional Market
Jakarta – While in the IMF-WBG Spring Meetings in DC, Minister of Finance Sri Mulyani was asked about the plan to join Trans Pacific Partnership (TPP).
“We are heading that way (join TPP), yet we have to solve many structural matters,” she said as reported by detik.com, Friday, 20 April 2018 that quotes CNBC.com, Thursday (19/4).
Minister of Finance stated that Indonesia still focusing on structural reform like the increasing the ability to compete and also the ease of investment.
“That’s why the government of Indonesia focused on connectivity, human resource and ease of doing business,” she said, as quoted from the same site.
That aside, the focus of Indonesia’s trade in the future not only the member of TPP. Sri Mulyani emphasized, Indonesia in future focused on non-traditional market like the Central Asia, India and Africa.
After the US exit TPP, the remaining countries are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
They also decide to renew the treaty signed last March.