Indonesian Political, Business & Finance News

Govt should intensify domestic market protection: Apindo

| Source: ANT
Jakarta (ANTARA News) - The government must intensify domestic market protection because renegotiations of the ASEAN-China Free Trade Agreement (ACFTA) cannot be counted on, a business community spokesman said.

"We cannot expect something to come out from the renegotiation of the ACFTA agreement. What is more important is serious government efforts to do its homework," Indonesian Businessmen`s Associaiton (Apindo) chariman Sofyan Wanandi said here on Monday.

He said the tariff reduction of commodities included in the 228 tariff lines under the ACFTA could actually be postponed as requested by Indonesian businesses but the government did not make a serious effort.

"So, the ministry of industry had better prepare soon product requirements that meet the quality based on the Indonesian National Standard (SNI) so that goods entering the country would not be those with bad quality," he said.

Besides on the standard of imported goods and their supervision, the government should also strengthen the anti-dumping instrument to protect domestic industry from being flooded by imported goods.

"At present, the the Indonesian Anti-Dumping Committee and the Indonesian Trade Protection Committee only get a budget of Rp5 billion per annum. It is only enough for one or two matters. If they are not supported by lawyers and accountants, they will face a problem," Wanandi said.(*)
Tags: business
View JSON | Print