Home / Knowledge / News / Textiles / Can Indonesia become the 13th member of the TPP?
Can Indonesia become the 13th member of the TPP?
02
Nov '15
As Indonesia struggles with a stubborn economic slowdown, President Joko Widodo wants his country to join the Trans Pacific Partnership (TPP). Having missed the TPP bus, Widodo wants to make up for lost time and kick start Indonesia's stuttering economy.

According to one media report, the answer to whether Indonesia can join the TPP may not lie with yes or no, but with how ready Indonesia is for this and how to set up de-regulations or regulations in order to meet all standards set in the US-led trade pact.

During a recent meeting with Barack Obama at the White House, Indonesian president Joko Widodo risked the ire of economic nationalists at home, declaring: “Indonesia intends to join the TPP.”

Ahead of his meeting with Obama, Widodo had said he would decide during his White House visit whether to join the trade pact, which includes neighboring Australia, Brunei, Malaysia, Singapore and Vietnam. But he has faced resistance from some officials in Indonesia, where the government has enacted regulations making it difficult for foreigners to work and adopted higher tariffs on imported items.

Not everybody is as keen as Widodo. Indonesia for Global Justice (IGJ) is of the view that Indonesia might weaken its bargaining position if it takes part in the TPP as it will not have enough room for negotiations, an Indonesian news agency has reported.

"Indonesia's bargaining power will become weak if it joins the TPP after the TPP is agreed upon by 12 countries," Research and Monitoring Manager at IGJ, Rachmi Hertanti, said in Jakarta.

Such a weak bargaining position will result in Indonesia having no choice other than agreeing to the standards already set previously. She also reminded that the TPP will open access for foreign companies to the procurement of government goods and services, whose values could reach trillions of dollars set in the state budget.

"This is a lucrative business for the US corporations. That is why the TPP applies non-discriminatory regulations and national treatment for foreign companies in this business activity," she said.

The TPP regulation covers extensive sectors and is comprehensive so the TPP has the potential to eliminate state sovereignty over the national economy that will be developed for the prosperity of the people.

The IGJ reminded President Widodo that he should not be careless in deciding the extent of Indonesia's involvement in the TPP. Moreover, it is not the correct choice for Indonesia to join the pact in an effort to restore its national economy.


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X