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Jakarta Post

RI aims to ride global economic recovery

  • Dian Septiari

    The Jakarta Post

Jakarta   /   Fri, January 12 2018   /  12:12 am

Indonesia plans to ride the global economic recovery by intensifying trade and economic negotiations with non traditional markets and deepen its penetration into traditional markets.

In its October 2017 forecast, the International Monetary Fund (IMF) projected the global economy to grow by 3.6 percent in 2017 and by 3.7 percent in 2018.

The plan is one of the eight focuses of Indonesia’s 2018 foreign policy as laid out by Foreign Minister Retno Marsudi on Tuesday.

The Foreign Ministry’s director for African affairs, Daniel Tumpal Simandjuntak, said 25 private companies had entered the sub-Saharan African market, where consumer goods, palm oil, garments and pharmaceuticals were in strong demand. Indomie instant noodles, for example, are widely popular in Nigeria. The manufacturer, Indofood Sukses Makmur, has six plants in Africa, including in Egypt, Sudan and Ken...