The ATF-JCC aims to strengthen cooperation to promote effective trade between AMS through trade facilitation reforms or measures to reduce the costs of trade transactions and improve competitiveness. Indonesia is also negotiating the following trade agreements: ASEAN has concluded a series of free trade agreements with other Asian countries that are radically changing the global public procurement and production landscape. It has, for example, a contract with China that has effectively reduced tariff reduction to nearly 8,000 product categories, or 90% of imported goods, to zero. These favourable conditions came into force in China and in ASEAN members, including Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. In addition to the trade agreements already in place, Indonesia has also signed a cooperation that is not yet a party, namely the trade preference system of the Organization of the Islamic Conference, which involves 35 countries. Trade liberalization in the region, through the elimination of regional tariffs and non-tariff barriers, has helped to make ASEAN`s manufacturing sectors more efficient and competitive in the global market. As a result, consumers are able to source from more efficient ASEAN producers, creating robust intra-ASEAN trade. Indonesia has signed and implemented a number of free trade agreements with countries and regions around the world as an independent market and as a member state of the Association of Southeast Asian Nations (ASEAN). The agreements include: important work has been done in the past and this committee focuses on the development of the work programme, trade facilitation indicators (TFI), the creation of the National Coordination Committee (NJC) and technical assistance from dialogue partners. rationalizing provisions for amending trade concessions and remedial measures; create a legal framework that will ensure the free movement of goods in the region to create an internal market and production base by 2015.
A number of opportunities continue to be offered to Australian businesses, as the larger and richer consumer base creates potential for potential markets. According to the latest available figures, Australia`s annual two-way trade with Indonesia is $14.8 billion. This means that only 2.2% of our total world trade with Indonesia is underway, underscores the huge growth potential of our larger trade revenues with much less populous countries like Malaysia, Singapore and New Zealand. The manufacturing trend is therefore to continue to develop products for this huge consumer market, but to place the production capacity needed for this purpose on a cheaper site. The ASEAN Free Trade Agreement with China allows regional companies and MNN in Asia to do so. This is a trend that is already underway – as we are seeing with Foxconn, the manufacturer of many components that end up in Apple products, who want to relocate their 1.3 million workers from China and Indonesia, where wages are lower and where there is a large and available workforce. This is a solid strategy that is increasingly being adopted by many manufacturers. The region`s growth was due to the significant intra-ASEAN trade activity, worth $543.7 billion, or 24% of ASEAN`s total trade. In addition, ASEAN FDI has been successful in attracting foreign direct investment (FDI) from year to year, and for 2015 net FDI inflows to ASEAN amounted to $119.9 billion. The main features of ACTS are support for customs and trade. The system uses a single electronic declaration between departure and destination. It is also a safe and effective system by: the best practices in trade facilitation applied by each Member State; and self-certification is a system that allows the certified exporter (EC) to provide a declaration for the export of property.
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