Thursday, 24 July 2008

Indonesia to maintain non-oil export growth at 14.5 percent

Trade Minister Mari Pangestu said the government still maintained its non-oil export growth target which it had set at 14.5 percent this year, despite it had plans to downsize its economic growth target from 6.8 percent. "No meeting has been held to discuss it (to lower the export target," the minister said here on Monday. She said that Indonesia's exports this year would face many obstacles due to declining demand for manufacturing products as a result of economic recession in the United States and other export destinations. "But energy and mineral-based commodities such as palm oil are unlikely to be affected because demand for them will remain high. (http://www.antara.co.id/en/arc/2008/2/11/indonesia-to-maintain-non-oil-export-growth-at-145-percent/)

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