Indonesia eyes 6 percent growth in non-oil and gas exports after turbulent year

The government is expecting to achieve 6.3 percent annual growth in Indonesia’s non-oil and gas exports this year as trading partners have started rolling out coronavirus vaccines to re-emerge from the pandemic-induced economic downturn. Trade Minister Muhamad Lutfi said on Friday the growth target was based on the assumption that Indonesia’s economy would recover this year, in line with the forecast outlined by various international organizations. “Of course, there will be many factors that come into play,” Lutfi said in a virtual presser. “First, the success of vaccination not only in Indonesia but also in its major trading partners. Second, the long-awaited reform through the Jobs Creation Law.” The COVID-19 pandemic has disrupted international trade and global supply chains as mobility restrictions implemented in various countries around t…

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  • export Indonesia import economic-recovery Trade-Ministry COVID-19 trade-balance global-trade China

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