August 9, 2022 – Indonesia’s global synergy to be strengthened through G20 Presidency. Coordinating Minister for Economic Affairs Airlangga Hartanto said that through G20 Presidency, Indonesia strives to strengthen synergies in the industrial, trade, and investment sectors. Hartanto said that Indonesia seeks to bring the G20 to pave the way for the World Trade Organization.
“It is done in order to stay relevant in discussing the trade and economic impact of the current global situation,” he said in a virtual keynote speech held at the 7th Global Conference on Business Management and Entrepreneurship on Monday (8/8).
The coordinator minister believes that this effort can maintain the supply chain, implement trade policy measures, and maintain the availability and affordability of food prices. The industrial, trade, and investment sectors have a deep role as a catalyst in realising a national economy that is resilient and competitive.
The strengthening of the industrial sector will impact the increase of production activity inputs so that it’s able to produce a product that can fulfil national needs and maintain the stability of the trade balance. On the other hand, the strengthening of the industrial sector needs to be supported by consistent capital through investment allocation.
Up until now, the Government has strengthened the three fundamental sectors as shown in the achievement of a trade balance surplus up to US$ 5,09 billion as of June 2022, with exports in the first semester of 2022 reaching US$ 141 billion. Additionally, the investment score for the first quarter of 2022 has realized more than 28 percent investment commitment with foreign investment contribution of US$ 10,22 billion and US$ 9,33 billion domestically.
Based on the result given, Hartanto said that the Government has to be committed to continuing the policy synergy of the three sectors.
The Government is also implementing commitments related to energy transition and considering the impact of the industry on the environment. Such as, based on the acceleration of clean energy through the implementation of more efficient investments and the use of technology to achieve sustainable industrial strengthening.
