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Related Keywords: coordinate with industries and associations, Indonesia government, long term impact of joining TPP, need to carefull reconsider, suffered trade deficit, Vietnam main competitor

Indonesia President Joko "Jokowi" Widodo on monday expressed Indonesia’s intention to join the TPP while delivering a speech before representatives from a number of US companies. But according to economist Ina Primiana, government need to carefully reconsider the long term impact of joining the US-led Trans-Pacific Partnership (TPP) since the cooperation was deemed not necessarily beneficial for the country.

Ina said that when it comes to international trade agreements, they should really consider the benefits and impacts more widely.

Related Keywords: before joining free trade pact, especially textile and textile products, focusing on strengthening competitiveness, Indonesia government, Indonesia textile association, Indonesian textile market, Indonesian Trade Minister, manufacturing products, of national industry, TPP, TPT

The Indonesia government aware of the threat from Trans Pacific Partnership (TPP) toward its manufacturing products especially textile and textile products (TPT) would be focusing on strengthening the competitiveness of the national industry before joining the free trade pact, TPP, said Indonesian Trade Minister Thomas Lembong on Friday.

Related Keywords: antidumping, APSyFI, filament yarn, import raw material, Indonesia government, Indonesian Synthetic Fiber Producers Association, local product, Ministry of Economy, national industry, trade deficit, unfair trade practices. Indonesian Anti Dumping Committee

The Indonesian government is making all attempts to lower dependence on imported of raw materials and looking at way to substitute import raw material with local products. In this attempt, the Ministry of Economy in coordination with other minister are putting efforts to deal with the trade deficit which has surged from imported products and also has the potential to hit the national industry.