Raise Exports, Minister of Industry Rely on Manufacture Industry
By : Ridwan And Aldi Firhand. A | Friday, February 09 2018 - 22:00 IWST
Minister of Industry Airlangga Hartarto
INDUSTRY.co.id - Jakarta, the Government said it is formulating a policy to accelerate the development of four to five priority industries that will be prepared as a driver of Indonesian exports.
The Minister of Industry of Airlangga Hartarto said that his company would want the export oriented and labor intensive industries to support the growth of manufacturing industry this year.
"However, if Indonesia's manufacturing exports continue to increase, Indonesia must be prepared with signs of import rules (barriers) conducted by other countries," Airlangga said after the Meeting with Vice President in Jakarta, Friday (9/2/2018).
He pointed out, at this time Vietnam has started to do non-tariff barrier to imported products from Indonesia by conducting quotation tests, so that this can hinder the distribution of Indonesian exports to the country.
"This policy could hamper Indonesian exports," he said.
Meanwhile, Coordinating Minister for the Economy, Darmin Nasution, said the government identified two main issues that needed to be resolved quickly.
First, the government will encourage 4 to 5 potential export-oriented industries to boost export performance and investment simultaneously to make it faster.
Nevertheless, the government has not yet identified which industries will be strengthened. Therefore, the government is still formulating a strategy to make this happen.
"The second is also at once to show to the business world that we have a change in the speed we are taking care of investment and exports in people trying," said Darmin.
According to him, revamping the management of investment and faster exports are also aimed at expanding new markets. In addition, the government will also finalize a number of regional and bilateral agreements.
"We have several priorities to be settled, especially with Australia with the European Union," he said.
He continued, the policy to focus into four to five priority industries is very important to boost investment into Indonesia.
"Not only that, this policy is expected to increase the contribution of non-oil exports in the country that increasingly good," said Darmin.
For your information, Indonesia's investment realization growth throughout 2017 was Rp692.8 trillion, up 12.7 percent from 2016 at IDR612.8 trillion. Meanwhile, Indonesia's non-oil and gas exports throughout 2017 were recorded at US $ 152.99 billion, up 15.83 percent from US $ 132.08 billion YOY.
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