Indonesia Eyes to Boost Export Values

By | February 08, 2018 Leave a Comment
By Staff Writer

Loading and unloading activities of containers at Tanjung Emas Port, Semarang, Central Java, Wednesday (November 15th, 2017). PHOTO: Antara

Indonesia's minister of industry Airlangga Hartarto admitted that Indonesia is still left behind with other Asian countries in terms of export value and is therefore working hard to catch up.

He said Indonesia was losing out to a number of Asian countries in terms of export volumes since is is not too aggressive in forming economic cooperation with other countries.

"Compared to Vietnam alone, we are losing because they are more aggressive," Airlangga said at the Presidential Palace Complex in Jakarta on Wednesday.

Based on data from the Central Bureau of Statistics, the value of Indonesian exports in 2017 reached only $ 168.73 billion. Although the number is increase 16.22 percent compared to 2016, but it still behind other Asian countries such as Thailand, Malaysia, and Vietnam.

Airlangga said government has taken several steps such as working with other countries through Free Trade Agreement (FTA) scheme, improving internal regulations, as well as optimizing export commodities, including textiles, clothing and footwear.

President Joko Widodo previously complained about Indonesia's very small export value and threatened to dissolve Indonesia Trade Promotion Center (ITPC), which he said has no significant role. 

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