The hottest Indonesian textile and Footwear Associ

2022-08-17
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Indonesian textile and Footwear Association urged the government to join the TPP

Indonesian political and economic analysis experts pointed out that in view of the fact that the degree of domestic economic liberalization required by the TPP is much higher than the current economic and trade policy and institutional framework of Indonesia, the harm caused by Indonesia's participation in the TPP will be greater than the benefits obtained

djismansimandjuntak, senior economist at the Indonesian Center for strategic and International Studies (CSIS), said that the current policies formulated by the government do not conform to the norms to be observed in joining the TPP. For example, the TPP requires equal treatment for foreign investors who target each task locally and mechanically, and the negative investment listing (DNI) implemented by Indonesia will violate this norm

once Indonesia decides to join the TPP, the Indonesian government is bound to revise many laws and regulations and adjust existing relevant policies, including projects regulated by the TPP, such as investment, labor, trade and intellectual property rights; In addition, if business owners believe that the policies implemented by the government have caused unfair damage to business operations, TPP will also provide enterprises with greater authority to set up a special panel to sue the government. In addition, TPP will also cancel the special treatment enjoyed by state-owned enterprises

as for the position of relevant industry associations, in order to enable Indonesian textile and footwear and other product projects to obtain the same competitive opportunities as Vietnam, which has joined the TPP, the Indonesian textile association (API) and the Indonesian Footwear Association (aprisindo) have previously urged the government to join the TPP

all circles in Indonesia believe that the possible impact of Indonesia's participation in TPP is as follows:

1 State owned enterprises and private enterprises will enjoy the same treatment

unattended

2 Foreign suppliers will be able to fully participate in the government's purchase of breakthrough low-temperature CO sintering technology

3. Eliminate protectionist measures, such as the requirement of self-control rate of products

4. In case of unfair losses caused by government policies, enterprises can set up a special group to conduct dispute settlement procedures with the government

5. Competition in related industries (such as materials applicable to the financial industry: rubber, plastic plates, pipes, profiled materials and agriculture) is intensifying

6. Foreign and local investors enjoy the same treatment. Major amendments to the TradeLaw, manpower law, investmentlaw, copyright law and other relevant laws and regulations

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