Wed, 18 Aug 2010

Jakarta (ANTARA News) - Indonesia`s next year`s export growth may reached only 8.3 percent, while this year`s growth has reached 12.2 percent.

Minister of Trade Mari Elka Pangestu told a press conference on the Financial Note and the 2011 Draft State Budget at her office in Jakarta Monday night that next year`s imports may reach only 9.3 percent, a decline compared to this year`s estimated 15 percent.

"Next year, the export growth is supposed to reach 10-12 percent," she said.

She added that Indonesia`s growth exports may this year surpass the Planned Medium Term target of 10-12 percent up the first semester of 2010, the export growth has reached 18 percent from the assumed target of 7-8.5 percent.

In the meantime, she added, the 2010 import growth will be contributed by many investment activities and infrastructure development projects.

"Thus, capital inflow will be quite many, and disrupt the improving economic condition," she added.

In the Financial Note and 2011 Draft State Budget, the government will try to raise exports by way of foreign trade policies aimed at increasing the competitiveness of non oil/gas export products and market diversification.

For that purpose, the government has also prepared several strategies on boosting non oil/gas exports of several products with a higher added value, natural resources-based, and high market demands.

Other efforts include boosting the export of creative products and services especially from small and medium businesses, boosting diversified export destination markets, focusing on market access expansion, promotion, and nonoil/gas export facilities in Africa and Asia.