Hanoi (VNA) - Shipments of Indonesia’s non-oil and gas products overseas havebeen forecast to grow 8 percent, reaching 175 billion USD in 2019, compared to162.65 billion USD last year.
Indonesian Trade Minister Enggartiasto Lukita said that to reach the target, thegovernment will apply various strategies, including diversification ofproducts, focusing on processed products, improving import management,establishing trade deals with other countries, expanding export tonon-traditional markets, intensifying promotion activities and creating a goodtrade environment.
Accordingto data from the Indonesian Central Bureau of Statistics,the country’s economic growth expanded 5 percent in the second quarter of 2019- the lowest figure in the last two years, showing the difficulties facing theIndonesian economy amid global instabilities.
IndonesianPresident Joko Widodo has been making efforts to promote national economicgrowth to more than 5 percent by investing in infrastructure and issuing taxincentives to foster manufacturing.
However, because Indonesia still relies heavily on natural resources, lowcommodity prices, fluctuations of global markets and gloomy investment haveaffected the country’s efforts to boost economic growth.-VNA
Indonesia looks for missing victims of burning ship
A search and rescue operation is underway targeting missing victims of a passenger ship that caught fire in waters off central Indonesia's South East Sulawesi province a day earlier.