Posted by: mel | December 15, 2009

Jakarta opts not to confront China on trade

Financial Times | By Taufan Hidayat and Joe Cochrane in Jakarta | 15 December 2009

The Indonesian government will not attempt to renegotiate a free trade agreement between Southeast Asian nations and China that will go into effect on January 1, but will request a delay in eliminating import tariffs on more than 300 Chinese products, officials said on Tuesday.

The Jakarta government had been under increasing pressure during the past week from domestic industry players who warned that more than a dozen sectors, including steel and textiles, could collapse because they were not ready to compete with low-cost Chinese imports.

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