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Indonesia Expects Trade, Investments Boost From Possible TPP Membership

© AFP 2021 / SAUL LOEBDemonstrators protest against the legislation to give US President Barack Obama fast-track authority to advance trade deals, including the Trans-Pacific Partnership (TPP)
Demonstrators protest against the legislation to give US President Barack Obama fast-track authority to advance trade deals, including the Trans-Pacific Partnership (TPP) - Sputnik International
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Vice President of Indonesia Jusuf Kalla said that the country expects its economy to grow due to increased trade and investments with the Asia Pacific countries from its possible joining of TPP free trade agreement.

MANILA (Sputnik) — Indonesia expects its economy to grow due to increased trade and investments with the Asia Pacific countries from its possible joining of the Trans-Pacific Partnership (TPP) free trade agreement, Vice President of Indonesia Jusuf Kalla said on Wednesday.

Demonstrators protest against the legislation to give US President Barack Obama fast-track authority to advance trade deals, including the Trans-Pacific Partnership (TPP), during a protest march on Capitol Hill in Washington, DC, May 21, 2015. - Sputnik International
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Negotiations on the wording and content of the US-led free trade deal were completed in early October. In late October, Indonesian President Joko Widodo voiced the country's intent to join the TPP deal during talks with US President Barack Obama.

"We are studying very carefully possible impact of joining the TPP… What we expect is growth in our trade business and investment and more efficient trade with the countries of the Asia Pacific," Kalla said at APEC CEO Summit in Manila.

The TPP agreement unites 12 countries of the Pacific Rim region, including the United States, Canada, Japan and Australia to deregulate trade among the signatories which together make up 40 percent of the world economy.

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