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The future of Preferential Trade Agreements: Rebalancing foreign policy and trade policy
Indonesia has strengthened its strategic position in international trade through its participation in the G20, WTO, and various bilateral and regional trade agreements. Beyond major trade agreements, Preferential Trade Agreements (PTAs) with developing countries offer strategic value by strengthening economic diplomacy, expanding diplomatic relations, and opening access to non-traditional markets. In this context, the Ministry of Foreign Affairs should enhance its involvement in PTA development and negotiations through capacity building for specialized negotiators, stronger coordination mechanisms, regulatory reforms, and a more focused economic diplomacy strategy.
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