Indonesia can use its strength without closing borders

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US Ambassador to Indonesia Robert Blake said on Tuesday that Indonesia could maintain its economic strength without closing its borders to foreign imports, as had been practiced by the President Joko “Jokowi” Widodo administration.

“Trade can help Indonesia achieve its economic goals. It can help increase Indonesia’s economic growth and reduce poverty, which is the President’s goal. […] Indonesia can play to its strength and prosper without closing its borders,” he said in a speech at Al Azhar University, South Jakarta, on Tuesday.

He further said that open trade would create opportunities for businesses for innovation and expansion, while providing lower prices and a wider choice of goods and services for consumers.

“For an economy like Indonesia where consumer spending is important for economic growth, it is necessary to ensure that consumers have access to a wide range of products and services at the lowest prices as a good way to ensure that growth continues,” he said

The US previously turned to the World Trade Organization to settle a complaint, along with New Zealand, on Indonesia’s wide ranging import restrictions on farm products like fruit, vegetables, beef and poultry.

A survey in 2013 by the International Trade Center (ITC) involing 1,000 Indonesian businesses found that 37 percent of businesses in Indonesia were affected by non-barriers to trade.

Blake went on to say that the decision on trade would be a vital strategic choice for Indonesia.

“Indonesia is faced with a strategic choice. It can turn inward and pursue policies designed to protect its companies and industries, while accepting its inefficiencies, higher prices and less choice for consumers, as well as lack of innovation,” he said.

 

Source : The Jakarta Post | May 26, 2015

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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