To face the future global challenges, it is necessary to adopt a multilateral approach, which does not limit the commercial activities of export and import, in accordance with the rules of the World Trade Organization.
Jakarta (ANTARA) – Indonesia is working to enhance synergies in global industry, trade and investment sectors through its G20 Presidency, Coordinating Minister for Economic Affairs Airlangga said. Hartarto.
“Indonesia seeks to bring the G20 to be able to pave the way for the World Trade Organization to remain relevant in discussions on the trade and economic impacts of the current global situation,” he said in his speech. ‘virtual opening at the 7th Global Conference on Business Management and Entrepreneurship’ on Monday.
He said he believed the efforts could help implement trade policy as well as help maintain food supply chain, availability and affordability.
“To face the global challenges ahead, it is necessary to adopt a multilateral approach, which does not limit the commercial activities of export and import, in accordance with the rules of the World Trade Organization”, he said. -he adds.
Trade, investment and industry sectors play an important role as catalysts for realizing a resilient and competitive national economy, he said.
Consequently, the Indonesian government has strengthened the performance of the three fundamental sectors, as evidenced by the trade balance surplus of US$5.09 billion in June 2022, with exports in the first half of the year reaching US$141 billion.
In addition, foreign and domestic investment realization in the first quarter of 2022 reached $10.22 billion and $9.33 billion respectively.
Furthermore, with regard to the industrial sector, the government is continuing its efforts to accelerate the downstream supply of raw materials in order to increase the added value of raw materials, particularly manufactured products, which it has managed to maintain at an expansive level, indicated the coordinating minister.
The government is also committed to completing the energy transition taking into account the impact of industry on the environment as well as to accelerating the achievement of clean energy by implementing more efficient investments and by strengthening the use of sustainable industrial technologies.
Hartarto said the various efforts must be supported by all parties – from government, business, micro, small and medium enterprises (MSMEs) to academia to produce innovations that help solve future challenges.
“Significant impacts cannot be achieved with (the application of) various policies alone, but must also be supported by the transformation of government, business, MSMEs and the community to establish a smart and digital society”, he added.
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