Related Keywords: create trade diversion, Indonesia can unlock access to TTP, Indonesian exports to US stable, product mixture is similar, see swollen imports too, textile and footwear sector to benefit, TPP can increase Indonesian export, Vietnam their toughest competitor, will cut tariff barriers to zero
Indonesia can unlock access to the main TPP countries such as the US, Canada and Mexico as well as other Latin American countries, which will cut tariff barriers from between 2 and 5 percent to zero. Exporters will save $1.3 billion from the tariff cuts and it will create a $306 million trade diversion, said the senior advisor for economic and public policy at the Australia Indonesia Partnership for Economic Governance ( AIPEG ) Ahmad Shauki in Jakarta on Wednesday.
