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This statement was made in response to Pertamina's plan to import Russian crude oil as unveiled by the president director of state-owned Pertamina, Nicke Widyawati,

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Indonesia to Import Crude Oil from Russia

This statement was made in response to Pertamina's plan to import Russian crude oil as unveiled by the president director of state-owned Pertamina, Nicke Widyawati,

Sustainable and Competitive Exports

Now is the time for us to reorganize our industrialization and trade strategy. We need to shift from a broad base industry strategy and focus on a specific industry that has a sustainable and comparative advantage.

Questioning Rice Import Plan

The government plans to import 1 million tons of rice through state-owned Perum Bulog this year. This rice import is to be carried out to maintain rice stock reserves.

Government Guarantees Supply of Basic Needs

The government has ensured the supply of basic needs and promised to maintain the stability of their prices.

Key Programs to Reduce Trade Deficit to Begin in 2020

The government will implement six programs to reduce the country’s growing trade deficit. With such measures, the target stipulated in the 2020-2024 National Medium-Term Development Plan (RPJMN) can be achieved.

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Fixing the Trade Deficit Problem

The combination of a slump in exports and a surge in imports has once again caused a deficit in Indonesia’s trade balance. The global trend of protectionism and a surge in the import consumer goods are in the spotlight.

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