Indonesia eyes double-digit growth in exports, investment through RCEP

Representatives of signatory countries are pictured on screen during the fourth Regional Comprehensive Economic Partnership (RCEP) Summit held online during the Asean Summit on Nov 15, 2020.- Courtesy of Indonesian Trade Ministry

JAKARTA (The Jakarta Post/ANN): The Indonesian government is expecting the mega deal Regional Comprehensive Economic Partnership (RCEP) to help Indonesia book double-digit growth in exports and investment within five years after it comes into force, a top official has stated.

Deputy Foreign Minister Mahendra Siregar said Wednesday (Jan 20) the RCEP was estimated to help boost Indonesia’s overall exports by 11 per cent and investment by 20 per cent within five years after the trade deal takes effect, which is expected to happen in 2022 or 2023, pending the ratification process.