The government will encourage exports by continuing export development strategy implementation and promoting Indonesia tourismJakarta (ANTARA) - The Finance Ministry's Fiscal Policy Agency head, Febrio Kacaribu, projected a positive trend on the national export-import performance after 19 months of consecutive surplus on the national trade balance. The national export performance will increase following commodity price hikes and global demand increase, while domestic activities would stimulate import activity, he said.
"The government will continue to enact export-friendly policy by enhancing efficiency and economic competitiveness, increasing the value of export commodities, and augmenting the national industry by infrastructure and technology development," Kacaribu stated in Jakarta Wednesday.
The authority will also strive in expanding the market accessibility by promoting national commodities in international forums and in bilateral or multilateral relations to enhance Indonesia's involvement in the global trade, the agency head said.
"The government will encourage exports by continuing export development strategy implementation and promoting Indonesia tourism," he noted.
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Indonesia's balance of trade has recorded a cumulative US$34.32 billion surplus for the last 19 months, with the surplus in November 2021 alone reaching US$3.51 billion, the agency head informed.
Kacaribu highlighted that the cumulative US$209.16 billion export value recorded from January until November 2021 was the highest since the 2000 period.
Besides the increase in main commodities' price and volume, he said that positive growth in the manufacture and mining sectors is also causal to the increasing export performance.
Moreover, the positive trend in the import performance is triggered by the increasing demand for oil and gas, consumption commodities, and production and capital material, the agency head continued.
"Increasing activity in the production sector is indicated by the increase of production and capital materials. The cumulative import value from January to December 2021 has surpassed the annual import value recorded in 2020," Kacaribu noted.
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Translator: Satyagraha, Nabil Ihsan
Editor: Suharto
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