President Widodo says Indonesia intends to join TPP trade deal
WASHINGTON - Indonesian President Joko Widodo, speaking after a meeting with US President Barack Obama on Monday, said his Southeast Asian country intends to join the Trans-Pacific Partnership trade deal the United States has forged with 11 other nations.
"We are the largest economy in Southeast Asia," Widodo said through a translator. "And Indonesia intends to join the TPP."
US Trade Representative Michael Froman said the United States would keep sharing information about the TPP, which will set common standards on issues ranging from workers' rights to intellectual property protection.
"As we have said from the beginning, TPP is intended to be an open platform to which other countries who are able and willing to meet the standards can potentially accede," he said at a business summit hosted by the US Chamber of Commerce.
More broadly, Indonesia had work to do on cutting red tape, addressing barriers such as local content and local packaging requirements, eliminating import and export restrictions and protecting intellectual property rights, Froman said.
President Widodo finalized more than US$20 billion (S$27.8 billion) worth of US deals during his trip, including a US$500 million infrastructure investment from Coca-Cola and up to US$1 billion from General Electric for Indonesia's energy and healthcare sectors, according to the Indonesian embassy in Washington. Both deals were for a five-year period.
Indonesia's state oil firm Pertamina, and Corpus Christie Liquefaction, a subsidiary of Cheniere Energy, also finalized a shale gas deal valued at US$13 billion.
Widodo and Obama also discussed climate change, strengthening Indonesia's maritime security powers and forest fires in Indonesia.
The Indonesian government said earlier on Monday Widodo would be cutting short his trip to the United States in order to address the "haze crisis" caused by forest fires.
Widodo linked the fires to the effects of climate change felt by Indonesia.