TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsRobust export-orientated policy vital amid Trump's protectionism
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A railway car manufactured by state-owned train manufacturer PT Industri Kereta Api (INKA) is loaded onto a cargo vessel, which will be exported to Bangladesh. (thejakartapost.com/Wahyoe Boediwardhana)
A
s protectionism appears to be on the rise led by the United States under the new Donald Trump administration, Indonesia needs to be creative and agile in capturing export markets to benefit from the new circumstances, a state official has said.
"In a recent Cabinet meeting in Bogor it was agreed that we needed to be more export oriented to make use of current global trends," said Thomas "Tom" Lembong, head of Investment Coordinating Board (BKPM).
"In case the US dollar strengthens in the second half [of the year] under Trump, our products will be cheaper for them [to import]," he added.
(Read also: At $46 billion, 2016 direct investment beats govt target)
"Also as a consequence, the Japanese Yen and Korean Won would weaken so Asian tourists might prefer traveling to Bali than to Hawaii," Tom exemplified.
The BKPM has communicated with the Tourism Ministry and other institutions to boost investment in non-traditional sectors, ranging from tourism, e-commerce, services and certain manufactured goods to add more value to Indonesian products and services in the face of rising protectionism. (bbn)
