Kadin: Export Control Must Be Careful

By : Ridwan And Aldi Firhand. A | Monday, August 20 2018 - 21:31 IWST

Illustration of Export (ist)
Illustration of Export (ist)

INDUSTRY.co.id - Jakarta, Business people ask the government to be careful in controlling imports because of its broad impact. This step was carried out following the conversion of export proceeds in an effort to control the volatility of the rupiah exchange rate.

Deputy Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin) for International Relations Shinta W. Kamdani said that import control is a quick step to minimize deficit in the current transaction and ease the rupiah's turmoil. However, this step has a negative impact on the business world.

"If you continue to force it to implement it, the government must be careful in determining which commodities will be stopped, because the implications are quite broad," he said last weekend.

As a long-term solution, Shinta hopes that the government will focus more on boosting exports and attracting quality investment.

According to him, the current economic structure is still filled with foreign investment playing in the capital market, so that the Republic of Indonesia is vulnerable to capital outflows and exchange rate fluctuations.

For information, the government is coordinating to control some commodity imports. The government hopes that with this strategy, the current account deficit which reaches US $ 8 billion or 3% of GDP and the turmoil in the rupiah exchange rate can be mitigated.

As previously known, last week Kadin facilitated a discussion forum with the Coordinating Minister for the Economy, the Minister of Finance, the Deputy Minister of Energy and Mineral Resources, Bank Indonesia, Exporters, entrepreneurs and representatives of the association to discuss steps to be taken in controlling exchange rate fluctuations.

News Comment

Today's Industry

GoFood, the Most Used Online Food Delivery Application. (Photo: Sindonews)

Selasa, 05 Juli 2022 - 11:56 WIB

JAKPAT Research: GoFood, the Most Used Online Food Delivery Application

Although GoFood is not the online food delivery app that gives promo and discount the most, GoFoodstill maintains its market leadership as the most used Online Food Delivery (OFD) application.…

Collaboration and innovation is a common thread of various Business Twenty (B20) forums as an important part of G20 activities in 2022. (Foto: Liputan6.com)

Selasa, 21 Juni 2022 - 17:53 WIB

Inter Sectors Collaboration in Strengthening SMEs, Key for Post-Pandemic Recovery Acceleration

Indonesia owns an important role to support the world’s policy that prioritize various parties collaborations as the key to realize an inclusive world economy, included Small Middle Enterprises…

Collaboration and innovation is a common thread of various Business Twenty (B20) forums as an important part of G20 activities in 2022. (Foto: Liputan6.com)

Senin, 06 Juni 2022 - 21:35 WIB

Collaboration and Innovation, Key to support Inclusive Economy Growth

Collaboration and innovation is a common thread of various Business Twenty (B20) forums. This is an important part of G20 activities in 2022. That matters are also going to become a main key…

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.