ASEAN Free Trade Agreement have been signed for quite sometime now, Indonesia has one of the largest potential of being one of world's largest economies, due to Indonesia's vast territory there is no doubt that our country is abundant in resources, and being the 4th most populous state in the world gives us an advantage in workforce, if I am Indonesia's trade minister i will emphasize and put this advantage to work. as an example of product life cycle i will take Indonesia's burgeoning Automotive Industry, at first during the development process, there are no profits yet only investment, after that there is the growth process, this signifies our current state of Industry, during the maturity stage demands for our automotive industry will peak and maximum profits is earned and during the late stage the product finally ends its lifetime and demand will drop, signifying that it is time to start a new type of product starting from the development stage
To Build a prosperous and a strong ASEAN as the Indonesian Ministry of finance I will urge cooperation between states and my vision is to make South East Asia a powerhouse for world economy by Specializing countries to emphasize some products than others, Singapore for example is Unchallenged in Services and High tech Industries while Indonesia specializes in manufacturing and assembly of vehicles and agriculture, instead of singapore having its own automotive industry and agriculture and Indonesia having its own high tech industries and services it is better for now in the short term to specialize and maximise profits and at least until Indonesia has reached a Postindustrial level technologies.
Andrean Rendra
1701350714
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