Indonesia Gets Ready For RCEP

Reduced tariffs likely to mean pain for local manufacturers

By: Muhammad Zulfikar Rakhmat and Yeta Purnama

The Indonesian Parliament recently agreed to ratify the Regional Comprehensive Economic Partnership, a 15-member pact including the 10 members of the Association of Southeast Asian Nations, as well as Japan, South Korea, Australia, New Zealand, and notably China – and not the United States. 

It will be China,…