indonesia committed to wto success
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Indonesia committed to WTO success

Arab Today, arab today

Arab Today, arab today Indonesia committed to WTO success

Indonesia is seeking to contribute to the world by maintaining memberships of the
Jakarta - Arab Today
Indonesia is seeking to contribute to the world by maintaining memberships of the World Trade Organization and consistently supports trade liberalization. 

The commitment is given despite opposition in the country against the countrys involvement in the WTO. Critics said the country would lose more than gaining from being involved in the global trade organization. 

They accused the Indonesian government of failing to see the weaknesses of the country in global open competition.

The government, however, showed no sign that it would bow to the demand to walk away from the multilateral organization.

In fact Indonesia has played a good host to last weeks 9th WTO ministerial conference in Nusa Dua, Bali. 

The conference from Dec. 3-6 ended with Bali Package agreement with three main points -- Trade facilitation, agriculture and promotion of the capacity of least developed countries. 

President Susilo Bambang Yudhoyono, who opened the conference, said through the Bali meeting Indonesia wants to contribute worlds efforts to create a fair trade for the prosperity of all nations. 

Yudhoyono said global trade should be fair between advanced and developing countries. 

The Bali conference would be a success if it could expand global trade and contribute to reducing poverty in the world, he said. 

Meanwhile Indonesia for Global Justice (IGJ), a non governmental organization, said free trade promoted by WTO has hurt Indonesia. Liberalization has led to cut in subsidies for farmers and fishermen, and foreign exploitations of the countrys natural and human resources.

IGJ executive director M Riza Damanik said the Bali Package discussed at the conference would worsen the crisis.

WTO has failed to provide answer for a number of crucial issues like hunger, unemployment, poverty and global heat.

The countrys largest non political Islamic organization Nahdlatul Ulama (PBNU) asked the government to consider quitting WTO. 

PBNU chairman KH Abbas Muin said Indonesia has lost more than gaining from being member of WTO 

Muin said Indonesia would gain more by expanding bilateral trade rather than binding itself with WTO rules. 

Indonesia, the fourth most populous country in the world and the majority of its population of 250 million still live from the agricultural sector. 

Trade liberalization would lead to the domestic market being flooded with imported food products causing marketing problem for the countrys farm commodities. 

Indonesian farm products could not yet compete in open market, Muin said, adding Indonesia should lead in the struggle to promote the interest of developing nations. 

However, Deputy Trade Minister Bayu Krisnamurthi said failure to agree on the Bali Package, would cause great losses to all member countries including Indonesia.

The greatest loss to Indonesia is loss of confidence in multilateral trade with impact on many aspects including dispute settlement, Bayu said.

In addition, uncertainty would be greater over the continuation of the Doha negotiations which greatly concerns the interest of developing economies including Indonesia.

"Failure would mean much less chance of expanding our global trade. Diversification of market would more difficult," Bayu said. 

WTO was formed on 15 April 1994, and began to be effective in operation in January 1995, when worlds trade ministers signed the final act of the Uruguay Round in Marrakesh, Morocco.(*)  

Source: ANTARA

 

 
arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indonesia committed to wto success indonesia committed to wto success

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indonesia committed to wto success indonesia committed to wto success

 



GMT 11:36 2016 Wednesday ,28 December

UAE Banks Needs Unified Approach To Common Problems

GMT 09:00 2017 Wednesday ,12 April

Colombia forces struggle to root out coca

GMT 21:42 2017 Monday ,06 February

Syria anti-Daesh forces say US sent them armored cars

GMT 18:35 2017 Saturday ,11 November

750,000 march for separatists' release in Barcelona

GMT 21:18 2016 Thursday ,22 September

Nawaz, Rouhani discuss bilateral ties, regional situation

GMT 18:31 2017 Friday ,01 September

Vietnam state oil magnate arrested in major fraud case

GMT 14:18 2017 Thursday ,09 March

CITC governor visits STC booth in Spain exhibition

GMT 04:30 2017 Friday ,10 November

Uber IPO 'target' is 2019

GMT 19:40 2017 Tuesday ,29 August

Mona used stones to decorate ornaments

GMT 13:02 2017 Wednesday ,08 March

Crash test dummies sacrifice lives for car safety

GMT 08:41 2017 Tuesday ,28 November

Beautiful Plants for Amazing Indoor Decoration

GMT 05:01 2018 Monday ,24 September

Bahrain weather forecast

GMT 14:41 2013 Wednesday ,06 February

Skyfall awarded best film at Evening Standard awards

GMT 09:36 2017 Thursday ,16 March

Hawaii Judge Blocks Trump’s Muslim Travel Ban

GMT 01:58 2018 Tuesday ,09 January

US runner-up snubbed for Olympics

GMT 15:50 2012 Monday ,02 July

NATO calls for \'political solution\' in Syria

GMT 01:59 2012 Friday ,13 January

Octopus Table

GMT 02:09 2017 Monday ,23 October

Aug24/Sep23

GMT 23:40 2017 Tuesday ,15 August

Pakistan's PM Heads to Kabul to Meet Karzai
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday