Indonesia Strengthens Bilateral Agreement with Turkey

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  • TEMPO.CO, Jakarta - Trade Minister Rahmat Gobel plans to strengthen bilateral cooperation with Turkey, South Africa and Middle East to increase export transaction.

    "The broadening cooperation is to balance export transaction. Trade and investment will be developed," said Rahmat on Wednesday, July 16, 2015.

    Rahmat said that China's economic downturn has decrased export volume to the country. On the other hand, Rachmat said that the government must be on the lookout for increasing import from China as companies will try to sell their goods with cheaper prices.

    Rachmat added that the government must be selective in managing import. Based on the Central Statistics Agency’s data (BPS), Indonesia's exports value on January-June 2015 had reached US$78.29 billion, or 11.86 percent lower compared to the same period last year. The decrease also occurred in the non-oil and gas exports, with a total value of US$68.3 billion, a number 6.62 percent lower, year on year.

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