RI's 1995 trade surplus with U.S. tops $890m<\/p>\n
JAKARTA (JP): Indonesia recorded a trade surplus of US$890
\nmillion with the United States for the first eleven months of
\nlast year, the Minister of Trade and Industry, Tunky Ariwibowo,
\nsaid yesterday.<\/p>\n
After meeting President Soeharto, Tunky said that from January
\nto November 1995, Indonesia's total exports of non-oil and gas
\nproducts to the U.S. exceeded $5.2 billion while its imports
\namounted to $4.3 billion.<\/p>\n
He said that exports to the U.S. rose 9 percent in the first
\neleven months of last year compared with the same period in 1994
\nwhile imports jumped 37 percent.<\/p>\n
Indonesia, however, will be adversely affected by a new
\nregulation on the certificate of origin to be enforced by the
\nU.S. in July, he said.<\/p>\n
\"The new regulation will particularly affect exports of our
\ntextile products to the U.S. market,\" he said.<\/p>\n
\"We recognize that we have problems with the U.S. government.
\nAnd we are still negotiating with them on those problems,
\nincluding their allegations on dumping practices by Indonesian
\nbusinessmen and the coming changes in their regulation on the
\ncertificate of origin,\" Tunky added.<\/p>\n
Tunky added that Indonesia registered trade surpluses with all
\nmember countries of the Association of South-east Asian Nations
\n(ASEAN), except Thailand.<\/p>\n
Total trade between Indonesia and the six ASEAN members
\nreached $9.3 billion during the first eleven months of 1995.<\/p>\n
Trade with Singapore topped the list with the two-way trade
\nreaching $5.4 billion with a surplus of $1.3 billion for
\nIndonesia.<\/p>\n
Malaysia came second with $1.6 billion, from which Indonesia
\nenjoyed a surplus of $183 million.<\/p>\n
Indonesia's trade with Thailand stood at $1.3 billion with a
\nsurplus of $38 million in Thailand's favor.<\/p>\n
With the Philippines, Indonesia recorded a trade surplus of
\n$405 million on a two-way trade of $559 million and with Vietnam
\n$382 million with a surplus of $102 million for Indonesia.<\/p>\n
Indonesia posted a surplus of $20 million in its trade with
\nBrunei, which amounted to $21 million.<\/p>\n
During the same period, Indonesia posted a deficit of $2.4
\nbillion with Japan. Indonesia's non-oil and gas exports to Japan
\nwere up 20 percent to $6.1 billion but imports also rose by 23
\npercent to $8.5 billion.<\/p>\n
\"But don't be misled by the figures. The deficit is based only
\non non-oil and non-gas products. If oil and natural gas products
\nare included, the trade figure should have been much higher,\"
\nTunky added. (08)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ris-1995-trade-surplus-with-us-tops-890m-1447893297",
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