ID :
52949
Mon, 03/30/2009 - 18:36
Auther :
Shortlink :
https://www.oananews.org//node/52949
The shortlink copeid
RI`S CONSUMPTION RATE STILL HIGH: OFFICIAL
Jakarta, March 30 (ANTARA) - Indonesia's consumption rate is currently still high so that it is able to absorb the country's unexported goods, according to a senior economic official.
"There is no problem with national consumption because it is still high," Edy Putra Irawady, deputy for industrial and trade affairs to the coordinating minister for economic affairs, said here on Monday.
With a population of more than 200 million, Indonesia's domestic market was considered large, moreover the country was going to hold the general elections later this year, he said.
"In this part of the world, we are a large market, we are a larger market than any other parts of the region," he said.
The contribution of Indonesian products to international consumption was around three percent from the total international consumption, he said.
"The value of our products 'eaten up' by the global recession is only about three percent or around US$1.8 trillion per year," he said.
Indonesia has so far been conducting its exports through third parties such as Singapore, he said.
International demand for Indonesia's main products was actually still high, only that trading companies which had so far bought Indonesian products went bankrupt, he said.
"Currently, many trading companies especially those in Singapore had collapsed due to the global crisis, so that Indonesia had to be brave enough to export directly," he said. ***
"There is no problem with national consumption because it is still high," Edy Putra Irawady, deputy for industrial and trade affairs to the coordinating minister for economic affairs, said here on Monday.
With a population of more than 200 million, Indonesia's domestic market was considered large, moreover the country was going to hold the general elections later this year, he said.
"In this part of the world, we are a large market, we are a larger market than any other parts of the region," he said.
The contribution of Indonesian products to international consumption was around three percent from the total international consumption, he said.
"The value of our products 'eaten up' by the global recession is only about three percent or around US$1.8 trillion per year," he said.
Indonesia has so far been conducting its exports through third parties such as Singapore, he said.
International demand for Indonesia's main products was actually still high, only that trading companies which had so far bought Indonesian products went bankrupt, he said.
"Currently, many trading companies especially those in Singapore had collapsed due to the global crisis, so that Indonesia had to be brave enough to export directly," he said. ***
