Trade liberalization and other structural reforms undertaken by
Indonesia since the severe crisis of 1997 have successfully stabilized
the economy and fostered growth. But the economy remains fragile and the
recent global downturn has heavily reduced foreign investment on which
the economy critically depends, according to a report on the trade
policies and practices of Indonesia released June 30 by the WTO
The report notes that further trade and other structural reforms,
including strengthened governance and institutions, are necessary to
alleviate poverty, to provide the basis for the sustained growth of the
economy and to help boost investor confidence, something which the
country urgently needs.
The report calls for greater transparency and public scrutiny of trade
policies especially in sensitive sectors, where trade policy seems to be
set on an ad hoc basis. It also points out that accelerated
privatization and further reforms to state-owned enterprises together
with deregulation and measures to foster competition could also help
improve the economic environment.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
of forthcoming reviews back to top
Senegal/Niger: 28, 30 July 2003
Honduras: 22, 24 September 2003
Bulgaria: 15, 17 October 2003