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Thứ năm, ngày 31 tháng 10 năm 2024
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Ngày 21/06/2010-13:40:00 PM
Free trade improves Indonesia's economic efficiency
Indonesia has already engaged in some free trades with some countries such as Japan, China and South Korea.
The trade system has smoothed Indonesia's products entering foreign country's market, but its competitiveness needs to be boosted to be able to compete with products from other countries which have better infrastructure facilities, good governance, subsidies and banking supports.
Similarly on domestic market, the competitiveness is also required to prevent the market from the domination of imported products.
The Southeast Asia's largest economy has built a massive infrastructure, overhauled legal institutions, bureaucracy and created stability.
The better performance of the condition above along with sound macro-economic fundamentals have started lured much-needed foreign direct investment (FDI).
Indonesian President Susilo Bambang Yudhoyono who was re- elected on July 8 for his second terms has pledged to conduct de- bottlenecking on the country's economy.
Among the hurdles still lie on rampant corruption, poor bureaucracy performance, lack of infrastructure facilities in the vast archipelago country with over 17,500 islands./.
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