VIVAnews - Indonesia will in no time sign a bilateral free trade agreement with several other countries such as Australia, New Zealand, India, and Chile. The joint study group to the countries has been prepared.
Director General of International Trade Partnership at the Ministry of Trade, Gusmardi Bustami, revealed that the FTA will improve Indonesia's competitiveness in exports.
"Thai products are easily imported to the Australian market compared to ours. We don't have any facilities provided by other countries," said Gusmardi today, August 19.
Australia is among other countries most prepared in applying the FTA with Indonesia. For the time being, both countries are trying to design the form of the agreement.
According to Gusmardi, Indonesia will emphasize automotive products for the Australia's exports. Therefore, Indonesia will be engaged in direct competition against Thailand.
"Thailand has a solid market for truck and city car while Indonesia relies on SUV and MPV. It is possible that we supply components for Ford," he said.
Indonesia, according to him, sets the economic growth at higher level, which will be propped up by investment and export. "The FTA will remove any restriction on export," he said.