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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Home arrow Latest News arrow Government Prioritizes Exports To Boost The Economy 6 Percent


				
			
			
Government Prioritizes Exports To Boost The Economy 6 Percent PDF Print E-mail
Written by Maizer   
Thursday, 09 May 2019

The National Planning and Development Agency (Bappenas) said the government would focus on boosting exports for textile, automotive and electronic products in order to achieve economic growth of 6 percent as stated in the National Medium Term Development Plan (RPJMN) for the upcoming 2020-2024 period.


 

 

The sector also received priority from the government in developing the map of Making Indonesia 4.0. "Indonesia must move from commodity exports to manufacturing, see which sectors are large, now strengthen textiles, automotive, electronics," said Bappenas Head Bambang Brodjonegoro.

 

At present, he acknowledges that exports are still a driver of domestic economic growth. However, its performance was even sluggish. As a result, the balance of trade in the past few times recorded a deficit.

 

The Central Statistics Agency (BPS) recorded Indonesia's trade balance deficit so far this year to US $ 8.57 billion. This achievement is inversely proportional to last 2017 which was still a surplus of US $ 11.84 billion.

 

In addition to exports, the government also targets an average investment growth of 7 percent so that a dream of 6 percent economic growth can be achieved. Previously, Jokowi claimed to be annoyed because the investment process in Indonesia was still complicated.

 

"There were 259 investor permits gasping for breath, it had been lowered from 259 to 58, but it was still quite a lot. A maximum of five was enough," Jokowi explained.

 

In this case, Bappenas designed three scenarios of economic growth targets in the RPJMN 2020-2024. When detailed, the economic growth target is 5.4 percent per year, 5.7 percent per year, and 6 percent per year.

 

"6 percent are high scenarios. But this is still technocratic, later there will be definite target setting," said Bambang.

 

 

 
		
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