Govt to announce 12th economic policy package soon

London (ANTARA News) - The Indonesian government will soon announce the 12th economic policy package as a follow up to its efforts to deregulate the countrys economic policy, a senior economic minister said.
"Shortly after returning from the presidential visit to Europe, we will issue the 12th economic policy package," Coordinating Minister for Economic Affairs Darmin Nasution said on the sidelines of President Joko Widodo (Jokowi)s visit to the United Kingdom on Tuesday.
During meetings with German Chancellor Angela Merkel and businessmen earlier, President Jokowi said the Indonesian government is focusing on three issues -- expediting infrastructure development, conducting structural reforms or deregulation and improving human resources.
"As part of structural reforms or deregulation, we will issue the 12th policy package shortly after returning from Europe," he said.
President Jokowi is in Europe on a working visit till April 23.
On March 29, 2016, the government announced a policy on smallholder business credits. Issued under the 11th economic policy package, the policy is aimed at encouraging micro, small and medium businesses which are export-oriented.
One of the factors underlying the issuance of the 11th policy package is that micro small and medium businesses have the creative potential to produce export goods in line with the governments policy to diversify export commodities.
However, efforts to export products of micro, small and medium companies are still facing obstacles, particularly when it comes to human resources, marketing and international trade standards.
The policy package is aimed at providing stimulus to micro, small and medium businesses to increase exports and improve their competitiveness and quality.(*)