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Home arrow Latest News arrow Optimistic Government Boosts National Industrial Exports


				
			
			
Optimistic Government Boosts National Industrial Exports PDF Print E-mail
Written by Maizer   
Tuesday, 28 January 2020
The Government of Indonesia, represented by several Ministers at the 2020 World Economic Forum (WEF) meeting in Davos, Switzerland, is optimistic that it can boost national industrial exports. This is because there is still a lot of potential that can be developed in Indonesia.

 

The industrial sector has a strategic role in the 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% 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 Agus.

 

At present, according to Agus, the government is focusing on boosting export values ​​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 nontraditional markets, and the initiation of bilateral FTAs ​​in accordance with industry needs.

 

In order to expand the market and increase the export value of national manufacturing industry production, the Ministry of Industry is proposing to add three industrial attaches namely in Beijing - China, Se-oul - South Korea, and A-bu Dhabi - United Arab Emirates.

 

"The government continues to expand export markets, especially to non-traditional countries," said Agus.

 

Until now, Agus admitted that his party in this matter the Ministry of Industry (Kemenperin) has three Industry 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.

 

One of the facilities provided to hoist the export of industrial products, Agus explained, was 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.

 

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 10% of net export contributions to Gross Domestic Product (GDP), twice the increase in productivity for costs, and 2% of research expenditure and development (R&D) for GDP, "said Agus.

 

In fact, Agus admitted that currently there are five industrial sectors that 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.

 

 
		
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