Significance of Bogor pact

Significance of Bogor pact

We opt to take the course toward market economy with a critical view. We do not take this choice of stance alone, but with other countries.

The road toward trade liberalization is long and winding. Cooperation among countries is a pre-requisite, especially assistance from developed to developing countries in the fields of trade and investment, infrastructure, human resource development, research in science and technology and development of medium and small scale entrepreneurs.

It is pertinent for government officials and businessmen to understand the significance of the Bogor accord in order to follow it up with concrete measures.

In a free trade atmosphere our economy should be more competitive and protection or monopoly has no place. Our economy should give equal opportunities to all.

This will not be achieved without a cost. Those who have so far enjoyed protection and monopolies must relinquish them. But, do not think that all these things will be accomplished arbitrarily. All changes will occur in good order. And it will take time, so that we can prepare ourselves accordingly.

-- Kompas, Jakarta