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Chinese envoy stresses on positive impact of FTA
17
Apr '10
China has defended itself over being accused by the Indonesian manufacturers that, the latter might suffer from complete implementation of the free trade agreement between ASEAN and China.

Instead of worrying over the negative impact of the agreement on Indonesian products, the Indonesian goods producers should rather discuss ways of taking advantage of ASEAN-China Free Trade Area (ACFTA), advised, Zhang Qiyue, Chinese Ambassador to Indonesia.

Speaking during a press conference in Indonesia's Chinese embassy, Qiyue also said that, currently China is accused for all the difficulties faced by Indonesian manufacturers. He said, “We must instead, analyse the core issues and list out the challenges faced by these manufacturers, if any.”

Refuting allegations of Chinese goods flooding the market and affecting the Indonesian industries, he continued, “I want the industries and people of Indonesia to understand the situation and not believe in such market rumours.”

Early this year, the Indonesian government, successfully cancelled 6,682 tariff lines in 17 sectors that include 12 manufacturing sectors and five other in the agriculture, maritime and mining sectors, under ACFTA.

Indonesian government is under attack from its manufacturers, for not helping them enough. Thereby, putting their future at stake, by fully implementing ACFTA, that might lead to flooding of the Indonesian markets, with low-priced Chinese goods.

Fibre2Fashion News Desk - India


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