Page 298 - BUKU STRENGTHENING THE INDONESIAN PARLIAMENTARY DIPLOMACY FADLI ZON

Economic Cooperation,

Environment and Sustainable

Development in Eurasia

It is an honor for me to be here in Antalya for the 3 Meeting of Speakers of Eurasian Parliament.
rd
I believe our gathering in this city cited as the Pearl of Mediterranean and the Turkish Riviera
will be fruitful and beneficial for our partnership and cooperation in the future.

Our world today is at risk of economic uncertainty. The United States (US) and China are waging
trade war through new rules of tariff on goods. What makes this looks more complicated than
only a simple trade war is that it potentially creates a domino effect and generates more risks to
the global value chain in other countries.

The situation is being exacerbated by the volatility of our national currency due to policy of one
country. We can no longer resort to this situation. We need action to promote fiscal stimulus and
sustain our currency stability.

We deem that this meeting is of great importance and timely as we gather at such situations. A
meeting of significance to garner the Eurasian voices for a stronger role of the multilateral trade
system through the WTO and to take a paradigm shift on currency use.

The WTO should play a greater role in making countries pay more respect to the international
governance that we are agreed on. An international trade system that should be based on a free
and fair trade for the benefit of all. In terms of currency use, the Indonesian House calls upon
Eurasian countries to promote a wider use of local currencies to facilitate and boost trade and
investment in their respective country.

Selected Speeches of the Vice Speaker of the House of Representatives of the Republic of Indonesia I 285