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World trend obliges countries to liberalize economy: Indonesian FM

05-12-2010 15:42 BJT

JAKARTA, May 12 (Xinhua) -- Indonesian Foreign Minister Marty Natalegawa said on Wednesday that the free trade agreement (FTA) is a necessity as the world's trend obliges countries to liberalize their economy.

The minister told reporters that the most important thing is that the countries must prepare themselves in facing the FTA.

Marty made the statement in commenting the FTA between the Association of the Southeast Asia Nations (ASEAN) with India or IAFTA that will be effective on June 1 in Indonesia.

"It's a necessity and we have to prepare ourselves as best as we can so that we are ready when it comes," said Marty.

According to the minister, the FTA is a part of collective efforts by ASEAN countries with their partners to develop the program.

He also said that the Indonesian government is open to listen to concerns filed by industrial sectors related to the implementation and is ready to manage it in order to minimize the loss for the country.

The AIFTA is now implemented by Brunei, Malaysia, Thailand and India since Jan. 1, 2010.

Editor:Zhang Jingya |Source: Xinhua

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