Wed, 10 Feb 2010
The Indonesian government has sent a letter to China requesting a renegotiation of the ASEAN-China Free Trade Agreement [ACFTA].

“Director General for International Trade Gusmardi [Bustami] sent a letter of request to renegotiate with China. The request is still in process and will take some time,” Industry Ministry M.S. Hidayat told Antara on Tuesday.

Hidayat further said that Gusmardi had been communicating with the Chinese government over the renegotiation, which he believed to be in progress.

President Susilo Bambang Yudhoyono previously said that he would pursue talks with China to avoid negative impacts from the free trade deal between ASEAN and China.

The ACFTA, based on an agreement signed in 2004 and fully effective as of Jan. 1 this year, has introduced zero tariffs on 6,682 tariff posts in 17 sectors, including 12 in manufacturing and five in agriculture, mining and maritime sectors. (nkn)



News Search/Filter
Transaction Rates
23 Aug 17
Buy
Sell
AUD1
10,933.80
10,136.19
BND1
10,164.49
9,426.70
BTC1
56,059,547
56,059,547
CAD1
11,007.55
10,209.08
CHF1
14,292.20
13,258.31
CNH1
2,077.57
1,926.90
DKK1
2,188.91
2,030.52
EUR1
16,279.58
15,102.19
GBP1
17,748.21
16,463.44
HKD1
1,768.65
1,640.86
JPY100
12,629.56
11,711.81
LAK1
1.67
1.55
NOK1
1,750.05
1,622.67
NZD1
10,032.68
9,302.74
PGK1
4,477.89
3,942.49
SEK1
1,709.23
1,584.83
SGD1
10,164.49
9,426.70
THB1
416.43
386.23
USD1
13,842.00
12,842.00
VND1
0.61
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services