The Indonesian Chamber of Commerce and Industry (Kadin) has proposed several strategies to boost the country's export performance. One of the key suggestions is to implement zero import duties for export-oriented industries and to increase transactions in non-traditional markets. "Import costs should be zero if the goods are intended for export. This makes us competitive and facilitates easier entry. This is a plan for exports," said Kadin Chairman Arsjad Rasjid at the Kadin Tower in Jakarta on Monday, 15 July. Arsjad believes that relaxing import duties will strengthen Indonesia's industrial position, ultimately increasing foreign exchange earnings. "We need to boost foreign exchange, so we must increase our exports. For example, even if there are imported goods, they are used to add value to export products," he added. Another strategy involves optimizing non-traditional markets, particularly in Africa and Latin America. "We must focus on non-traditional markets. There are more opportunities due to the shifting global economic landscape. We need to be cautious, not only looking at developed countries," he explained.
Shinta Widaja Kamdani, Kadin's Deputy Chairman for Maritime, Investment, and Foreign Affairs, noted that current geopolitical conditions are affecting global market demand. "The geopolitical situation significantly impacts demand from global markets, leading to a noticeable decline," she said. In response, Kadin encourages diversifying export markets and developing potential regions. "We believe in supporting the government in diversifying export markets. Africa is a key market being developed, not just for vehicles but also for investments. Indonesian companies are starting to see opportunities in Africa," Shinta added. She also highlighted the promising potential of the South American market. "The South American market has great potential, but its geographic distance makes trade more challenging. However, we already have the Indonesia-Chile Comprehensive Economic Partnership Agreement, which we can utilize more. Initially, it was just for trading goods, but now we are expanding to investments and services," she concluded.
