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Home arrow Latest News arrow Minister of Industry, Agus Said the Government's Strategy Boosts National Industrial Exports


				
			
			
Minister of Industry, Agus Said the Government's Strategy Boosts National Industrial Exports PDF Print E-mail
Written by Maizer   
Wednesday, 22 January 2020

The industrial sector has a strategic role in  national economy. One of them is evidenced by the export value of industrial products in the January-December 2019 period reaching USD126.57 billion, which contributed 75.5 percent to the total value of national exports.

 

This was revealed by the Minister of Industry (Menperin) Agus Gumiwang Kartasasmita when giving a presentation at a series of World Economic Forum (WEF) 2020 activities in Davos, Switzerland.

 

"In the January-December 2019 period, the largest export value was given by the food and beverage industry in the amount of USD27.28 billion, then the base metal industry reached USD17.37 billion, and the chemical and chemical goods industry reached USD12.65 billion," said Minister of Industry, Agus.

 

At present, the government is focusing on boosting export value in order to reduce the trade balance deficit. Strategic steps taken in the industrial sector include industrial development through increasing competitiveness and preparing superior products. Second, the use of the Free Trade Agreement (FTA), for example through the acceleration of FTA negotiations, expansion into non-traditional markets, and the initiation of bilateral FTAs ​​in accordance with industry needs.

 

In order to expand the market and increase export value of national manufacturing industry production, the Ministry of Industry is proposing to add three industrial attaches such a in Beijing - China, Seoul - South Korea, and Abu Dhabi - United Arab Emirates. "The government continues to expand export markets, especially to non-traditional countries," said Agus.

 

Until now, the Ministry of Industry has three industrial attaches abroad, namely in Tokyo - Japan, Brussels - Belgium, and Taipei - Taiwan. The tasks of the Ministry of Industry representatives are related to market and industrial intelligence, promotion of industrial and investment areas, and marketing of industrial products.

 

Third, introduce industries to international markets through export assistance and promotion assistance, increase producer capacity for exports, and link & match with global production networks. "Next is the support of facilities such as export financing facilitation, assistance for cases of unfair trade, and the application of instruments "Non-Tariff Measures (NTM) or the elimination of export barriers," he said.

 

One of the facilities provided to hoist exports of industrial products, namely through the Special Export Assignment (PKE). PKE is an assignment given by the government to the Indonesian Export Financing Agency (LPEI) to provide export financing for transactions or projects that are commercially difficult to implement, but are deemed necessary by the government to support export policies or programs in the form of a National Interest Account (NIA) program.

 

"The PKE program aims to expand industrial export markets, especially to non-traditional markets. For example, PKE is a passenger car and PT INKA railroad freight cars to Bangladesh, "he added.

 

Agus added, the government had also arranged an industry priority focus to increase exports which included processing of palm oil and its derivatives, food, paper and paper products, crumb rubber, rubber tires and gloves, wood and wood products, textiles and textile products, footwear, cosmetics, soap and cleaning, four-wheeled motor vehicles, electrical cables, steel pipe and pipe equipment, agricultural machinery, consumer electronics, jewelry, and handicrafts.

 

Then, the government has launched the Making Indonesia 4.0 road map as an initiative to accelerate industrial development by implementing Industry 4.0. The main target of the policy is to achieve the aspirations of the top 10 world economies by 2030.

 

"There are three main aspirations, namely the 10 percent contribution of net exports to Gross Domestic Product (GDP), twice the increase in productivity for costs, and 2 percent of the research and development (R&D) portion of GDP for GDP," said the Minister of Industry.

 

Five industrial sectors have been set as the priority focus of Making Indonesia 4.0, namely the food and beverage industry, the textile and apparel industry, the automotive industry, the chemical industry, and the electronics industry. "The sector was chosen because of its contribution to the manufacturing industry 70 percent of total manufacturing GDP, 65 percent for manufacturing exports, and 60 percent of total industrial sector workers," he concluded.

 

 
		
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