Infrastructure, technological developments drive exports: govt

Infrastructure, technological developments drive exports: govt

Workers loading crude palm oil onto a tanker ship. ANTARA PHOTO/Aswaddy Hamid/rwa/FR.

Jakarta (ANTARA) - Efforts to develop infrastructure and utilize technology have boosted Indonesia's exports, Head of the Fiscal Policy Department of the Ministry of Finance Febrio Kacaribu remarked.

"Infrastructure development and the utilization of technology are among the important instruments," he noted here on Friday.

According to Kacaribu, infrastructure and technological availability will boost economic efficiency and competitiveness that translate to an increase in exports.

In addition, infrastructure and technology can offer greater value to export commodities, bolster the competitiveness of non-commodity products, and strengthen the national industry, he stated.

"An improvement in the competitiveness of non-commodity products will encourage the emergence of a new primary export commodity," he elaborated.

In addition, the government is encouraging the reinforcement of market access to support national exports by penetrating the international market, especially in non-traditional countries, which could become prospective export markets.

Related news: Indonesia's export value reached record-high in Aug 2021: Minister

"This will continue to be optimized in order to fill the available potential niche market," Kacaribu asserted.

International cooperation, both bilateral and multilateral, will also be utilized to support international trade, both for goods and services.

The government also supports the recovery and strengthening of service exports by continuing the strategy of developing and promoting tourist destinations in Indonesia.

From the financing standpoint, the government backs export financing with a special scheme, such as the export special assignment (PKE) through the Indonesia Export Financing Institution (LPEI) in the form of work capital credit and buyers' credit.

Finally, the government continues to boost competitiveness of the domestic industry by developing the industry structure, achieving raw materials and production independence, and offering support through regulation and optimization of local content requirements (TKDN).
   

Related news: Indonesia's exports hit 10-year high in August

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