Inauguration of the AEC and Its Impacts on Relation between Singapore and Indonesia(32)

Comparative Research on Relationship of Singapore and Indonesia in the AEC Aspect

To its credit the Indonesian Government has taken the necessary steps to incorporate its commitments to the AEC into the country's national economic development programs. 

Ever since Indonesia initiated trade liberalization in the mid-1980s, it has significantly reduced tariff rates, more or less across the board. In 2007, Indonesia introduced a new investment law aimed at making Indonesia more attractive to foreign investors.