"The global economy at present is potential to be hit by uncertainty," President Jokowi said in a national leadership meeting of the Indonesian Chamber of Commerce and Industry (Kadin) in Solo, Central Java on Wednesday.
He said the recent summit meeting of the Asia Pacific Economic Cooperation (APEC) showed that there has not been signs that trade war between the United States and China is about to end.
The United States and China are yet to meet again in the G20 summit conference, but Jokowi said he did not expect much from the meeting.
It is still difficult to bring the two countries to a compromise, Jokowi said.
However, Jokowi said, the trade war also opens new opportunity. "According to Kadin and Himpi many foreign investors planned to relocate their factories to ASEAN including Indonesia," he said.
High import tariff slapped by the United States forced China to look for other partners, he said.
"This is the opportunity. We have to grab that opportunity by making them our partners in investment and to increase exports," he said.
Jokowi said the country`s main problem is deficits in trade balance and in current account balance.
"Big problem confronting us is trade deficit and current account deficit that could be cop0ed with by an increase in exports," he went on to say.
Reporting by Agus Salim
Editing by Yoseph Hariyadi
Reporter: antara
Editor: Heru Purwanto
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