Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said that Indonesia`s export performance was improving following the increase in commodity prices and in demand for Indonesian commodities overseas.
"It can be better than the previous prediction. The growth of our exports in the first semester was minus 20 percent but for the whole year we are optimistic the negative growth could be reduced to minus 15 percent," the minister said here on Monday.
The minister made the remarks after attending the "I Love Indonesia" campaign by 51 state-owned enterprises (BUMN). She said that the improvement of the country`s export performance was thanks to the increase in the commodity prices and in the demand for Indonesian goods.
"We hoped that the export growth would already be positive next year. In term of volumes it is expected that the exports would increase by five percent," she added.
This year, the trade minister predicted that exports would be at a stable level or increasing five percent only.
"Improvement would take place on a monthly basis. In the first semester of 2010 the export growth would not yet be positive but the volume of exports in whole in 2010 would already experience a positive growth," she said.
On the occasion, the minister also said the "I Love Indonesia" campaign launched by the government was not a form of protectionism but a means to promote domestic consumption.
"This campaign is not a protectionist ploy at all . It is designed to increase people`s love for domestic products and stimulate domestic consumption," she said.
She said the participation of the state-owned companies in the campaign was expected to encourage people to love domestic products and private companies to participate in the campaign.
"The trade ministry only allocates around Rp3 billion for it. It is not much because we do not have funds to pay advertisements and therefore we are cooperating with state-owned companies," she said. (*)