Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-12-12-Speech-2-260"

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"en.20001212.11.2-260"2
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". Mr President, I would like to compliment Mrs Maij-Weggen on her excellent report, and thank her for the pleasant cooperation we have had. Political stability and respect for human rights and the constitutional state are key to economic recovery following the Asia crisis. They are also pre-requisite to closer cooperation between the European Union and Indonesia. On behalf of the Committee on Industry, External Trade, Research and Energy, I will restrict what I have to say to three points. We are concerned about the high degree of corruption and nepotism in the Indonesian economy. Too many members of former ruling families still wield power. This is a major obstacle to economic recovery and social stability in the region and therefore needs to be tackled. Secondly, it is essential for the private banking sector in Indonesia to be restructured. The agency for the restructuring of the Indonesian banks, the so-called Ibra, has so far been unable to allow the merchant banks to resume their loans service. What is more, the Ibra has considerable financial interests in various enterprises. It is even the sole shareholder in a few companies. These enterprises ought to be privatised. At the same time, this would create new opportunities for much-needed foreign investment. Finally, economic relations with Indonesia are now based on the ASEAN agreement. So far, the ASEAN countries have made little progress as regards economic integration, even though the establishment of a free-trade zone between the members has been mooted for years now. My committee has therefore asked to conclude a bilateral cooperation agreement between the European Union and Indonesia. I will take this opportunity to ask Commissioner Patten to investigate this possibility, along with his colleague Mr Lamy."@en1

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