Tue, 30 Nov 2010

Jakarta (ANTARA News) - Indonesia as a developing country which has been integrated with the rapidly growing international trade in East Asia, with China as its main driving force, World Bank senior economist Sjamsu Rahardja said.

He said that Indonesia as a developing country is playing an important role in this regional trade, as it has many potentials and is located in a stragetically geographical region.

"At a time when Indonesia and China are flighting for a market, although some Chinese products are selling well on the world market, some Indonesian products like chemicals, paper, essential oils and even musical instruments, still manage to have a good position on the international market," he said in Jakarta Monday.

He said China will remain a world export power, but the inflation and production costs in China had been increasing, and will force it to increasingly relocate its manufacturing process to other countries, like Indonesia.

"We have to make use of this opportunity. For instance, the export of automotive components and food products which had been steadily growing, could be studied for later development," he said.

He also said that Indonesia`s exports of services are still focused on products like Bali`s tourism and Indonesian migrant workers, while in fact there are many other potentials such a designs, children`s work of art, which could be developed and promoted.(*)