Stop Unstrategic Imports, President Jokowi Says
Date 31 Juli 2018
President Joko Jokowi Widodo emphasized two things that need to be done to strengthen foreign exchange reserve so that Indonesias economy is stronger and grows well and can deal with global uncertainty. They are import control and increase in exports.
Imports must be evaluated; imports for unstrategic goods should be stopped or reduced, the President firmly said in his introductory remarks at the Limited Cabinet Meeting on Strategy of Policy to Increase Foreign Exchange Reserve at the Bogor Presidential Palace, West Java, on Tuesday (31/7) afternoon.
Beforehand, the President reminded to immediately implement the mandatory use of biodiesel. He also asked to regularly update the progress because based on data, it can save foreign exchange from fuel import amounting to US$ 21 million per day.
The President also highlighted the increase of the use of Local Content Requirement (TKDN), that has been discussed since 1.5 or 2 years ago but has not fully implemented.
Keep supporting the growth of import substitution industry, the President added.
Regarding increase in exports, President Jokowi reminded to draw up a detailed strategy. The strategy must include the products, problems, and destination countries.
The Limited Meeting was attended by Vice President Jusuf Kalla, Coordinating Minister for Political, Legal, and Security Affairs Wiranto, Coordinating Minister for the Economy Darmin Nasution, Coordinating Minister for Maritime Affairs Luhut B. Pandjaitan, Minister of State Secretary Pratikno, Cabinet Secretary Pramono Anung, Presidential Chief of Staff Moeldoko, Minister of Finance Sri Mulyani Indrawati, Minister of State-Owned Enterprises Rini Soemarno, Minister of Energy and Mineral Resources Ignasius Jonan, Minister of Transportation Budi K. Sumadi, Minister of Industry Airlangga Hartarto, Minister of Trade Enggartiasto Lukita, the Governor of Bank Indonesia Perry Warjiyo, the Chairman of Financial Services Authority (OJK) Wimboh Santoso, the Chief of Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Amien Sunaryadi, the Acting Managing Director of Pertamina Nicke Widyawati, and the Managing Director of State-Owned Electric Company (PLN) Sofyan Basir. (FID/RAH/JAY/ES) (MMB/YM/Naster)