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Jakarta Post

The export challenge

  • The Jakarta Post

  /   Fri, October 18 2019   /  01:14 am

Vice President Jusuf Kalla opened the 34th annual Trade Expo at the BSD convention center in Tangerang, Banten, on Wednesday, amid weakening global market demand due to the economic slowdown and mounting trade protectionism in many countries.Even before the international market had weakened into its utterly bearish condition, President Joko “Jokowi” Widodo had often openly expressed his disappointment over Indonesia’s poor export performance. The trade deficit in the third quarter remained large at US$110 million, though lower than the $2.6 billion in the same period last year, while exports were still dominated by commodities.Jokowi seems to have become so fed up with the Trade Ministry’s incompetence in bolstering the country’s exports that he plans to move the foreign trade portfolio to the Foreign Ministry within his new Cabinet, which will be set up immediately after his i...