Indonesia still deserves special treatment in global trade: Economists

first_img“Our human development index [HDI] is still low. Even though there are funds worth Rp 500 trillion for education, but if we look at Indonesia’s population, those with higher education make up only [a small] percentage. The biggest [demographic] is junior high school [graduates],” Aviliani said, contrasting such conditions with developed countries that had tech-savvy human resources.In the United Nations Development Programme’s Human Development Report 2018 Indonesia ranked 111th with an HDI score of 0.707, or 96 countries ranks below the US ranked in 15th place with an HDI of 0.920.Aside from the aforementioned parameter, Aviliani explained, numerous other characteristics justified Indonesia defending its developing country status. The majority of Indonesia’s population still works in agriculture with traditional farming equipment, and high levels of unemployment were indicators of a developing country, Aviliani said.The United States Trade Representative (USTR) rolled out a new policy in February and removed several countries from the list of developing and least-developed countries, including Indonesia.The new policy outlines that a developed country is one with more than 0.5 percent of trade significance to the world and a member of international organizations such as the Organization for Economic Cooperation and Development (OECD) or the Group of 20 (G20).Indonesia, accounting for 0.9 percent of global exports in 2018 and being a member of the G20, is therefore no longer eligible for subsidies.Read also: Growing pains: US tariff policy overshadows planned Jokowi visitINDEF researcher Ahmad Heri Firdaus said at the same event that, with the US’ new policy, Indonesia’s exported goods would be subject to higher import taxes, which could increase the price of the goods in the international market.According to a simulation he ran with the Global Trade Analysis Project (GTAP), assuming that import tax would rise to 5 percent from the current position, Indonesia’s main export products to the US would suffer a loss of up to 2.5 percent. Several commodities would be affected, for example, textile product exports would decrease by 1.56 percent and components for electric machines were projected to decrease by 1.2 percent.“We can still claim to be a developing country, [but] of course, supported by strong research,” Heri said. (ydp)Topics : “Why do we need to make a declaration? Because our GNI per capita is far lower than that of [developed] countries. Indonesia’s is only around US$3,800 per capita. Compared with the United States, the gap is very big,” INDEF economist Tauhid Ahmad said in a press conference in Jakarta on Thursday.According to the World Bank’s parameter, high-income economies are those with a GNI per capita of $12,376. Indonesia with a GNI per capita of $3,840 in 2018 is considered a lower-middle-income economy, the category for countries with a GNI per capita between $1,026 and $3,995.Read also: Revocation of Indonesia’s developing country status will not affect GSP: GovernmentINDEF senior economist Aviliani said during the press conference that, based on several social development parameters, Indonesia had more characteristics of a developing country than a developed one. Indonesia still deserves special treatment in global trade despite the United States recently taking the archipelago off its list of developing countries, local economists have said.Economists of the Institute for Development of Economics and Finance (INDEF) said that, based on its gross national income (GNI) per capita and parameters of social development, among other factors, Indonesia should still be considered a developing country.They suggested that the government defend its developing nation status, so that Indonesia would continue to benefit from the World Trade Organization’s (WTO) special differential treatment (SDT), which exempts developing countries like Indonesia from strict trade rules.last_img read more

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Northampton draw Leinster in cup

first_img Saracens will face four-time Heineken Cup winners Toulouse, Connacht and Italian side Zebre in Pool three, while Aviva Premiership champions Leicester appear to have been given a favourable draw against Ulster, Montpellier and Treviso. Clermont, who topped the French championship at the end of the normal season and were runners-up to Toulon in last season’s competition, will meet Harlequins, Scarlets and Racing Metro in the only pool with two French teams. Meanwhile, in Pool 6, two-time champions Munster will face Perpignan, who return to the premier European competition after a two-year absence, Edinburgh and Gloucester. Northampton, who lost out to Leinster in the 2011 final at Cardiff, have also drawn French Top 14 champions Castres and RaboDirect PRO12 side Ospreys in what looks to be the toughest pool. Reigning champions Toulon will face sides from England, Scotland and Wales as they must overcome Cardiff Blues, Glasgow and Exeter if they are to advance from Pool 2 as they bid to retain their title. Northampton will face reigning Amlin Challenge Cup champions and three-time European champions Leinster in the pool stages of next season’s Heineken Cup.center_img Press Associationlast_img read more

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Danny Rose says Prem stars being treated like ‘lab rats’ in Project Restart

first_img2DANNY ROSE has blasted the Premier League for treating players like “lab rats” in Project Restart.The Tottenham defender, on loan at Newcastle, delivered a fresh attack on top-flight chiefs after previously branding plans to return amid the coronavirus pandemic a “f***ing joke”.⚠️ Read our coronavirus live blog for the latest news & updates2 Rose has delivered a fresh attack on the Prem by saying players are being treated like ‘lab rats’Credit: AFP or licensorsPlayers returned to their training grounds today after testing revealed only six stars and staff at Premier League clubs had tested positive for the killer virus.Speaking on the Lockdown Tactics podcast with Robert Snodgrass and Kris Boyd, England star Rose, 29, said: “I’m dying to get back to football but just with the things that are happening right now, people are going through this coronavirus pandemic a lot worse than me, I don’t want to be complaining about everything.”Just off the fact that people are suggesting we should go back to football, like we’re guinea pigs or lab rats.”We’re going to experiment this phase and see if it works or not.”I can just imagine people at home saying, ‘Well they earn that amount of money so they should be going back’.”Rose previously expressed his dismay at restarting the season while deaths remain so high.On Instagram, he said: “It’s a f****** joke, I’m not even going to lie.“The Government is saying bring football back because it’s going to boost the nation’s morale, I don’t give a f*** about the nation’s morale.”People’s lives are at risk, you know what I mean?“Football shouldn’t even be spoken about coming back until the numbers have dropped massively. It’s b*******.”We’ll see, I think I’m getting tested on Friday, so we’ll just have to wait and see.“I listened to the announcement, no football until June 1st or something, I don’t even pay attention to any of that.football newsTHROUGH ITRobbie Keane reveals Claudine’s father was ’50-50’ in coronavirus battleTOP SELLERGavin Whelan has gone from League of Ireland to David Beckham’s InstagramI SAW ROORodallega saw Rooney ‘drinking like madman’ & Gerrard ‘on bar dancing shirtless’PicturedAN EYEFULMeet Playboy model and football agent Anamaria Prodan bidding to buy her own clubExclusiveRIYAD RAIDMan City’s Riyad Mahrez has three luxury watches stolen in £500,000 raidNEXT STEPJonny Hayes set to move to English Championship having been let go by Celtic”I’m sad that people are getting sick and being affected. Football should be the last of things that need to be sorted.”I think everyone will get tested as soon as they get back and we’ll see what happens.“I just hope the numbers stay low so we can get back to normal as soon as possible.”Danny Rose slams ‘f—ing joke’ plans to bring Premier League back and says ‘lives are at risk’last_img read more

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