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 senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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