Indonesia Prioritizing Nine Industries in ASEAN Market

Bandung (Antara Bali) - The Government of Indonesia is prioritizing nine industrial sectors to be developed in ASEAN market in the run up to the ASEAN Economic Community 2015 (AEC 2015), Trade Minister MS Hidayat said here on Saturday.

"AEC 2015 will be a pivotal moment for Indonesia to face opportunity as well as challenge. In preparation for the AEC 2015, the government is prioritizing nine industrial sectors for the ASEAN market," the minister said.

To be the goal of regional economic integration by 2015, the AEC envisages the key characteristics of a single market and production base, a highly competitive economic region, a region of equitable economic development, and a region fully integrated into the global economy.

The AEC areas of cooperation include human resources development and capacity building; recognition of professional qualifications; closer consultation on macroeconomic and financial policies; trade financing measures; enhanced infrastructure and communications connectivity; development of electronic transactions through e-ASEAN; integrating industries across the region to promote regional sourcing; and enhancing private sector involvement for the building of the AEC. (M038)