Indonesia and South Korea in critical phase over trade pact
Indonesia is now more cautious in sealing a free trade pact with its trading partners as it has learned quite a lot from its previous trade agreement with China under the ASEAN framework. The agreement has repeatedly been blamed by local business players as the cause of the widening annual trade deficits that Indonesia runs with China since it took effect in 2010.
The snail-paced realization of investment promised by China to address the imbalance cannot improve the situation.
Read more at: http://www.thejakartapost.com/news/2014/02/24/indonesia-and-south-korea-critical-phase-over-trade-pact.html
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