Indonesia’s export in 2012 was projected to grow by 15 percent; this target was in accordance with assumptions inscribed in the accordance of State Budget Notice of 2012. This was set forth by the Minister of trade of RI Mari Eilka Pangestu after opening cheap market at the parking lot of the Ministry of Trade’s building on Thursday (18/8).
As benchmark, the condition of 2012 would be based on the condition of 2011. As long as conditions were stable, growth would reach 18 percent by value. Meanwhile inflation was assumed to be 6 percent, and by next year was predicted to be close to 5 percent.
“Export growth by Semester I of 2011 was 36 percent, an normally and usually by Semester II was better than Semester I. We estimated that our export by this year could break through USD 200 billion. If export could surpassed USD 200 billion, this means export of 2011 rose by 25% against that of 2010. It means there was a need to maintain growth momentum of 20 percent by 2012, Minister Mari was quoted as saying.
In spite of sluggish traffic of trade to Europe and the USA destinations, Indonesia’s economy was predicted to remain stable, so even if there were downturn at all, it would not have to be total crumble. SO far export to destination countries in Europe reached 12 – 13 percent to the USA 10 percent while the remaining 70 percent were to Asian countries including China, India, Korea, Taiwan, Japan, Australia, New Zealand and ASEAN countries.
Those were the reason why export would grow by 25 percent or close to USD 200 billion. This was homework for the Ministry of Trade to make sure that price of food was stable, and distribution well managed; and to maintain coordination with the Ministry of Industry” Mari remarked.
The commodities needed by Asian countries were coal, palm also food products like cacao, coffee, and fishery products. According to Minister Mari, those products were still highly prospective just as manufacturing products because Indonesia was a destination country for industrial relocation by other countries; Indonesia was also advantaged by diversification policy in buying by some countries. China had stated that the would relocate their manufacturing industry to Southeast Asian countries.
As with agricultural products, and their by products like petro-chemicals like frying oil, they would be enhanced through down streaming program and formation of industrial clusters in palm. Such were part of the masterplan to be supurred on further more also to promote mineral industry up to the stage of smelting mineral raw materials would be processed domestically.
Market diversification would still be exercised to anticipate crisis in Europe and the USA. In the effort to maintain market stronghold, Asia was still important and would remain to grow. Furthermore the Government would enhance market diversification further beyond Asia whose growth were prospective, such as South Africa of Nigeria.
Those countriea promised highly prospective trading with Indonesia. The products to be exported to Africa were among others palm, manufacturing, food and medicine. As planned before and of year, the Government planned to send trade mission to Africa, Mari explained.