Said Abdullah, Head of the House of Representatives' (DPR's) Budget Committee (Banggar), conveyed this in a statement cited here on Friday.
"In light of this situation, I suggest that the government take initiatives, including urging the WTO to make policies that create a healthier and fairer global trade environment and sustain global economic growth," he noted.
Abdullah asserted that economic policies should support universal economic interests rather than serve as tools for superpowers to gain unilateral advantages—a practice he believes could lead to global economic depression.
"Indonesia needs to remind the world that the WTO was founded to promote non-discriminatory trade, build international trade capacity, advocate for free trade, and provide a forum for resolving international trade disputes," he stressed.
The legislator stated that this approach should be pursued alongside efforts to maintain the strength of Indonesia's national economy.
He emphasized the importance of the government identifying alternative markets for Indonesia's export products to maintain the country's trade surplus.
Furthermore, he urged the government to ensure the enforcement of Government Regulation No. 8 of 2025, which necessitates exporters to deposit all foreign exchange earnings from natural resource exports into domestic banks.
Regarding reducing reliance on the US dollar, Abdullah highlighted the importance of deepening bilateral currency swap agreements with strategic trade partners.
He also suggested that the government implement counter-cyclical fiscal policies to help businesses weather global economic uncertainties without compromising the state's fiscal position.
On the topic of investment, the lawmaker stressed the need to create a more inclusive ecosystem for the stock and financial markets by improving infrastructure and crafting more effective policies, which is vital for maintaining Indonesia's attractiveness to international investors.
Elaborating on his final suggestion, Abdullah emphasized that the government should provide comprehensive and reliable information to businesses, thereby becoming a trustworthy partner for dialogue.
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Translator: Imamatul S, Tegar Nurfitra
Editor: Azis Kurmala
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