TEMPO Interactive, Jakarta: The Coordinating Ministry for the Economy is seeking to delay free trade mechanism on hundreds of products from 12 sectors ahead of the beginning of the ASEAN China Free Trade Agrement beginning on January 1st next year. The products reportedly ranged from food to petrochemicals.
Deputy for the Industry and Trade of the Ministry Edy Putra Irawady said Tuesday (15/12) the government will send this week a formal request for free trade delay on 303 of the total 2,500 products incorporated in the agreement. âWe will request for a modification.â
But the measure Edy said would lead to a new consequences that the government should offer other products to be incorporated in the trade agreements. The 303 products include among others food and beverages, petrochemical, inorganic chemical compounds, downstream chemical, forest and plantation commodities, steel, textile, footwear, toys, sport equipments, lether products, electronics and maritime commodity.
The government is also seeking to modify tariffs of 314 posts in the trade revenue which will follow six months after the beginning of ASEAN-China free trade.
AGOENG WIJAYA | IQBAL MUHTAROM