The Minister of Trade Enggartiasto Lukita accompanied by a number of ministers delivered a presentation at a press conference on the 4-Year Report of the President Joko Widodo-Government on Tuesday (23/10) - Photo by President Office

JAKARTA (TheInsiderStories) – Trade Minister Enggartiasto Lukita is optimistic that Indonesian export growth throughout 2018 could reach 11 percent compared to 2017. The Coordinating Minister for the Economc Affairs, Darmin Nasution himself only targets the country’s export growth of around six percent.

According to Lukita, until third quarter of 2018, the country’s export growth 9.41 percent with total amount US$134.9 billion from a year age $123 billion. He said, to boost export, Indonesian government targeted to finalized 13 bilateral trade negotiations next year.

“I am sure this year can be up to 11 percent, in the midst of an uncertain global atmosphere,” he said in a discussion of Fourth Years of Joko Widodo-Jusuf Kalla’s Government in Jakarta, on Tuesday (23/10).

The minister added, an increase in exports or market share in world trade could be maintained and increased by opening new markets such as South Africa and Nigeria. Meanwhile, the United States, Europe and China, which are old markets for Indonesian exports, will still be maintained.

One of the strategies of the ministry to escalate the export revenues, he continued, is to enter into trade agreements with various countries. As an example, he said, subsequent agreements are made with Chile and Australia which have been substantively completed.

Lukita explained, there were at least 13 agreements being pursued. Among them are eight agreements that are on going, three agreements are being reviewed to improve their quality and quantity and enter initiation. Meanwhile, two more agreements are under discussion.

A total of 13 agreements are targeted to be completed substantially until the end of the year. Lukita believed, by new trade agreements, Indonesia market access will open wider.

Indonesia will increase competitiveness to enter the competition circle with Thailand, Vietnam, and Malaysia. The strategies, he added, is by expanding market shares to South Africa and Nigeria, and maintaining existing export markets like United States, European countries, and China.

Meanwhile, Indonesia Chamber of Commerce targeted export raise to Organization of Islamic Cooperation countries (OIC), as it has potential in contributing 10 percent export in the next few years. Now, Indonesia’s export to OIC countries is only 5 percent of the total export, or valued $23 billion.

The chairman, Rosan Perkasa said, OIC countries must acknowledge more about Indonesia. Thus, Indonesia will be hosting of The 27th Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) Conference, that will be held in Jakarta, October 22nd-23rd.

The export potencies among these OIC countries are halal products, infrastructure, tourism, and commodity. President of The Union of Chambers and Commodity Exchanges of Turkey, M. Rifat Hisarciklioglu mentioned, Turkey is ready to gain more trade with many countries, including Indonesia.

Indonesia-Turkey trade is considered low, by only $1.7 billion. Hisarciklioglu highlighted that he wants fellow Muslim countries to rely and prioritize each other.

“Among all 57 members, some countries are very rich and developed while the others are very poor and underdeveloped,” he said.

Written by Staff Editor, Email: theinsiderstories@gmail.com

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