Trade Ministry Sets Three Policies to Create Trade Balance 

In a bid to maintain the country’s balance of trade and control imports, the two main task instructed by President to this ministry, the Ministry of Trade will set three main policies.

The three policies include, first, maintaining the trade of balance by stepping up non-oil/non-gas exports; second, strengthening the domestic market by setting the food inflation target of three percent; and third, simplifying bureaucracy supported by professional and competent human resources.

“Through those policies, the Trade Ministry is ready to implement the two instructions  of President Joko Widodo,” said Minister of  Trade Agus Suparmanto as quoted by Antara.co.id.

The government has targeted the export of goods and services to grow 4.5-8.63 percent and the export of non-oil/non-gas commodities to increase to 6.88-12.23 percent.

The trade minister affirmed that the three policies are interpreted into the ministry’s three priority programs.

The first priority program is achieving the realistic export target in the midst of the global economic downturn by concluding international trade agreements, activating trade mission to non-traditional markets, and intensifying the active role of trade attaches and Indonesian Trade Promotion Centers as the business agent.

The second program is securing and strengthening the domestic market by controlling imports selectively, stabilizing the prices of basic commodities to control inflation, especially in the lead-up to Christmas and the New Year’s Eve, and encouraging startups, among others.

The third program aims to simplify bureaucracy and develop quality human resources by revising 18 export and import regulations.

Photo: JPP

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