Trade Ministry consistent in expanding non-traditional export markets

Jakarta (ANTARA) – The Trade Ministry is consistently expanding non-traditional markets for Indonesia’s exports through trade missions, export promotions and bilateral agreements.

“Until the first semester of 2019, the Trade Ministry took a number of steps to increase exports, including conducting integrated trade promotion activities in a number of countries,” Director General of National Export Development of the Trade Ministry, Arlinda, said in Jakarta on Thursday.

In addition, the ministry also gave a special assignment to arrange the financing of exports to countries in Africa, South Asia and the Middle East.

In the short run, the ministry has adopted a policy to increase exports by selecting key export commodities, slashing costs, simplifying export procedures, conducting economic diplomacy and increasing access to export markets.

To select key export commodities, the government has designated export-oriented priority sectors classified into the IR 4.0 priority sector and the non-IR 4.0 priority sector.

The IR 4.0 priority sector comprises food and beverage, textile and textile products, electronics, automotive and chemical industries, while the non-IR 4.0 priority sector comprises fishery, general machinery, wood, rubber and furniture industries.

Overall, Indonesia’s exports in the first semester of 2019 reached US$80.32 billion, down 8.75 percent compared to the same period last year. Similarly, non-oil/non-gas exports fell 6.54 percent to $74.21 billion.

Source: ANTARA News