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View all search resultsStakeholders are seeking to amplify the role of Indonesia’s services sector to manage the country’s current account and balance of payment in the face of dwindling commodity prices and a stagnant manufacturing industry.
Our total exports of only US$169 billion in 2017 pale compared to the $214 billion earned by Vietnam, which started building its economy only in the late 1970s, let alone to the more than $230 billion each booked by both Thailand and Malaysia.
Indonesian Footwear Producers Association (Aprisindo) has projected footwear exports to grow 5-10 percent from US$4.8 billion last year, on the back of the United States’ withdrawal from the Trans Pacific Partnership (TPP) on Jan. 23.
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