Trade Agreements Could Bail Out Indonesia from Trade Deficit

Foreign trade agreements may become key for Indonesia to overcome the nation’s chronic trade deficit.

Tim Redaksi

31 Mei 2024 - 18.51
A-
A+
Trade Agreements Could Bail Out Indonesia from Trade Deficit

Bisnis, JAKARTA — The government has an opportunity to turn the first quarter’s deficit into a surplus through market sentiments that could support exports and capital inflow. 

This opportunity comes from developments in international agreements such as the Regional Comprehensive Economic Partnership (RCEP) with five partner countries, the Indo-Pacific Economic Framework (IPEF) soon to be implemented, and the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) that opens up expansion opportunities.

For RCEP and IEU-CEPA, Indonesia has the potential to play a role amid the trade war between the European Union (EU) and China. Likewise for IPEF, wherein Indonesia can leverage the ongoing US–China trade tensions.

The increase in exports is set to boost Indonesia’s current account balance, which has been in deficit due to the decline in trade balance. These international partnerships set the groundwork for increasing capital inflows, both in terms of foreign direct investments (FDI) and portfolio investments (FPI), thereby lifting Indonesia’s capital account up into surplus.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Jaffry Prabu Prakoso
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.