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>> Hilirisasi Must Be Seriously Performed to Boost Exports and Cultivate Foreign Exchange
>> Assessment of Detailed Imports of Goods for Strategic and Strategic Non-Strategic Clbadification
JAKARTA – Government's Will to Strengthen foreign exchange reserves through the control of imports and the increase of exports is considered a complex problem.
Because most raw materials of export products still have to be imported. Thus, when imports are limited, exports will also decrease.
The export should not depend on imported materials. But what happens, Indonesia is only a gathering place, and then resold abroad.
The Indian economist, Eko Listiyanto, proposed to limit or stop imports, this is not easy. Because the government faces a series of entrepreneurs looking for imported means of existence
"Especially entrepreneurs, because the dependence of our raw materials on foreign products is high, the speech is expensive ", he said Tuesday in Jakarta. This is how, says Eko, the government should not lose so it should do its best to build the import substitution industry.
"The direction to take must be serious, if it does not start with reckless can not, yes, at least as serious as the government to build infrastructure," he said.
According to him, if the government wants to be serious, the import data must be dissected and dipilahpilah that can be substituted in the country. Unfortunately, the government has never tried to see that these products exist in Indonesia.
"I just want easy, finally the mechanism by the import of aja raw materials, auxiliary materials.After all, the final result we re-export
But this is not healthy," a he said. With such an economic model, the higher the exports, the higher the Indonesian dependence on other countries.
"Our currencies account for 95% of the US dollar, but imports of raw materials and ancillary materials account for nearly 90% – almost every dollar comes back, still used for imports," said Eko. In order to overcome this problem, he said, the government should promote hilirisasi downstream (19659004) "If you want to boost exports that have a great contribution to foreign exchange, then there must be a serious downstream effort. " the recent rebound in the rupiah exchange rate.
Efforts to minimize imports will be more effective than increased exports. However, in volume, exports should be more. Another way to attract foreign currency is the tourism sector. Unfortunately, this has not been taken seriously.
Meanwhile, President Joko Widodo (Jokowi) said the government believed foreign exchange reserves needed to be strengthened to make the economy more resilient to the global economic uncertainty . One of them, bringing as much as possible the dollar to Indonesia. "The current state of the country needs a dollar, so I seriously ask all departments and agencies not to disturb.
I do not want to go back and forth, but the implementation is not going well. " Bogor Palace Tuesday
According to the head of state, the strengthening of foreign exchange reserves can be done by two things, namely the control of imports and the increase of exports
To encourage this, Jokowi calls for immediate implementation. the savings are quite large, up to 21 million US dollars a day
Not only that, Jokowi also wants to evaluate the details of merchandise imports so to be immediately ranked where strategic imports and imports are not strategic. or reduce or stop, "he said. The president also mentioned the urgency to speed up the implementation of national content levels and the growth of the industry of import substitution products.
This is absolutely necessary to reduce the rate of importation into the country. Jokowi baderted that Indonesia must have a detailed strategy of products that need to be strengthened and focus on the constraints of exporters in destination countries.
Regarding foreign exchange, Indonesia Bank stated that foreign exchange reserves were $ 124.9 billion. The position of foreign exchange reserves equates to 7.7 months of import financing or 7.4 months of official foreign debt and service imports, and is above the international standard of about three months of # 39; imports.
Foreign currencies in April 2018 were mainly influenced by the use of foreign exchange for the payments of the external debt of governments and the stabilization of the rupee. Ant / ahm
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