Draft Bill on Industrial Affairs

OVERVIEW

Indonesia is now facing a global free trade system under which goods, services, investments, skilled labor, as well as capital are more easily and increasingly moving between borders. In this regard, to name just 2 developments, Indonesia has ratified the second package of ASEAN-China Trade In Services Agreement[1] and in 2015 Indonesia will enter another free trade scheme under the ASEAN Economic Community (AEC).[2]

While preparing for the challenge of global trade, along with the euphoria of robust national economic growth, the 2012-2013 Global Competitiveness Report released by the World Economic Forum (“WEF”) raises some concerns for Indonesia.