ID :
11324
Wed, 07/02/2008 - 16:16
Auther :
Shortlink :
http://m.oananews.org//node/11324
The shortlink copeid
RI EXPLORING POSSIBILITY OF FTAs WITH A'LIA, N ZEALAND, INDIA
Jakarta, July 2 (ANTARA) - Indonesia is exploring the possibility of concluding Free Trade Agreements (FTAs) with Australia, New Zealand, and India after having made similar pacts with China, ASEAN, and South Korea, a finance ministry official said.
"We have held preliminary discussions with India, Australia, and New Zealand but the most comprehensive talks were held with Japan," chief of the Finance Ministry's Fiscal Policies Board Anggito Abimanyu said here on Wednesday.
He said the cooperation agreements with the three countries would probably cover trade aspects rather than economic cooperation in a wider sense.
"But maybe they will only provide for free trade or reduction of import duties," Anggito said.
Commenting on the Indonesia - Japan Economic Partnership Agreement (IJ-EPA), Anggito said under the agreed cooperation framework , there were two import duty reduction schemes, namely general reference tariff scheme and user specific duty free scheme (USDFS).
Under the IJ-EPA, especially in relation with general preference tariff scheme, it was agreed that Indonesia would lower around 35 percent of its duty tariff posts to zero percent starting July 1, 2008 while Japan would lower 80 percent of its tariff posts.
"We have held preliminary discussions with India, Australia, and New Zealand but the most comprehensive talks were held with Japan," chief of the Finance Ministry's Fiscal Policies Board Anggito Abimanyu said here on Wednesday.
He said the cooperation agreements with the three countries would probably cover trade aspects rather than economic cooperation in a wider sense.
"But maybe they will only provide for free trade or reduction of import duties," Anggito said.
Commenting on the Indonesia - Japan Economic Partnership Agreement (IJ-EPA), Anggito said under the agreed cooperation framework , there were two import duty reduction schemes, namely general reference tariff scheme and user specific duty free scheme (USDFS).
Under the IJ-EPA, especially in relation with general preference tariff scheme, it was agreed that Indonesia would lower around 35 percent of its duty tariff posts to zero percent starting July 1, 2008 while Japan would lower 80 percent of its tariff posts.
