Indonesia’s new “Omnibus Bill” aims to bolster foreign investment by streamlining business regulation and cutting red tape. But the Indonesia bill contains measures that run contrary to the concept of sustainable trade by, for example, rolling back environmental and labor standards. This approach is out of synch with the modern-day realities faced by companies.
Trade is indispensable to fostering greater levels of global economic development. As the OECD has written, “No country has lifted itself out of poverty without international trade.” This category consolidates GTIPA-member reports assessing the intersection of trade and economic development.