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Indonesia’s protectionist concerns stall RCEP ratification

Indonesia is the only country that has yet to ratify the Regional Comprehensive Economic Partnership (RCEP).

The Philippines' move follows similar requests from other Asian governments such as Japan and South Korea.

The paper says the House's failure to ratify the RCEP is a slap in the face of President Joko Widodo, a chief promoter of the agreement.

Hong Kong’s exports are expected to grow by around 8 percent this year, which is higher than the average growth over the past 10 years.

Last year, five start-ups in Indonesia reached a valuation of more than US$1 billion, earning them unicorn status.

While emphasizing financial support from the central government, the premier also asked local governments to work out their own measures.

Trade between South Korea and Cambodia increased by 8.8% in the first 11 months of 2021 compared to the same period the year before.

The fight against corruption and effort to improve transparency is also one of the Government's top priorities in 2022.

According to Hong Kong Exchange and Clearing, an active offshore renminbi market is crucial for promoting the currency worldwide.