ID :
29672
Tue, 11/11/2008 - 20:09
Auther :
Shortlink :
https://www.oananews.org//node/29672
The shortlink copeid
GOVT ADVISED TO STRENGTHEN DOMESTIC MARKET, MINIMIZE DEPENDENCE ON IMPORTS
Jakarta, Nov 11 (ANTARA) - The government must strengthen the domestic market by issuing new policies and minimize the country's dependence on imports, an economic analyst said.
"If the government can do these things well, the country's present difficulties will be overcome and the national economy will even grow better," economic analyst Edwin Sinaga said here Tuesday.
He said the domestic market was now flooded by products from China, Taiwan and Singapore and this had caused local products to lose their competitiveness since the foreign products were generally lower in price.
According Sinaga, Indonesia still had a chance to overcome the problem so that its economy could improve and its economic growth rate could even reach more than six percent.
Citing an example of foreign goods in the domestic market, Sinaga mentioned Chinese batik cloth which was now available across Indonesia. The phenomenon had prompted the Union of Indonesian Batik Cooperatives (GKBI) to urge the government to take action to stop Chinese batik imports.
The Chinese batik goods had created great concern among GKBI members whose products were also low-priced and of good quality.
"We believe the government already knows this but has yet to take preventive actions," he said.
Sinaga who is director of PT Finance Corpindo said the government was slow in responding the to the issue. However, he hoped the government would eventually react and plan some concrete actions to protect local products.
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"If the government can do these things well, the country's present difficulties will be overcome and the national economy will even grow better," economic analyst Edwin Sinaga said here Tuesday.
He said the domestic market was now flooded by products from China, Taiwan and Singapore and this had caused local products to lose their competitiveness since the foreign products were generally lower in price.
According Sinaga, Indonesia still had a chance to overcome the problem so that its economy could improve and its economic growth rate could even reach more than six percent.
Citing an example of foreign goods in the domestic market, Sinaga mentioned Chinese batik cloth which was now available across Indonesia. The phenomenon had prompted the Union of Indonesian Batik Cooperatives (GKBI) to urge the government to take action to stop Chinese batik imports.
The Chinese batik goods had created great concern among GKBI members whose products were also low-priced and of good quality.
"We believe the government already knows this but has yet to take preventive actions," he said.
Sinaga who is director of PT Finance Corpindo said the government was slow in responding the to the issue. However, he hoped the government would eventually react and plan some concrete actions to protect local products.
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