ID :
22770
Sun, 10/05/2008 - 23:35
Auther :
Shortlink :
http://m.oananews.org//node/22770
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GOVT KEEPS WATCHFUL EYES ON EX-US PRODUCTS
Jakarta, Oct 5 (ANTARA) - The government is keeping a watchful eye on the possible flow into Indonesia of goods failing to enter the United States as it has the potential to disturb domestic industry, a minister said.
"We have warned the Customs and Excise office of the possibility of goods which are diverted to Indonesia because they failed to enter the United States. We have to anticipate that matter," Finance Minister Sri Mulyani said here on Sunday.
She said that the declining for import commodities from the United States as a result of the financial crisis in that country would surely affect the export performance of other countries, including Indonesia.
Therefore, the government would take anticipatory steps on the possibility of the decline in national productivity as a result of the decline in the demand for export goods.
"We should continue to take safeguarding efforts," Sri Mulyani who is also coordinator minister for economic affairs, said.
In the meantime, she said the government would take the necessary steps to improve various regulations which hampered the development of industry at home.
In the meantime, State Minister for National Development Planning / Chairman of National Development Planning Board (Bappenas) predicted that the U.S. financial crisis would affect economic growth in Asia, including Indonesia.
"It will weaken economic growth, particularly in Asia. We have to keep an eye on it because we will be forced to re-direct our exports to new destinations, possibly to the Middle East," Paskah said before attending an economic ministers' coordination meeting at the Finance Ministry here on Sunday.
Previously, the government and the House of Representatives (DPR)'s Budgetary Committee had agreed a 6.3 percent economic growth assumption in the 2009 state budget. The target was higher than the government's initial proposal at 6.2 percent.
The minister said that restoring the public confidence towards the US economic condition, particularly its financial sector, would relatively need time.
"We have warned the Customs and Excise office of the possibility of goods which are diverted to Indonesia because they failed to enter the United States. We have to anticipate that matter," Finance Minister Sri Mulyani said here on Sunday.
She said that the declining for import commodities from the United States as a result of the financial crisis in that country would surely affect the export performance of other countries, including Indonesia.
Therefore, the government would take anticipatory steps on the possibility of the decline in national productivity as a result of the decline in the demand for export goods.
"We should continue to take safeguarding efforts," Sri Mulyani who is also coordinator minister for economic affairs, said.
In the meantime, she said the government would take the necessary steps to improve various regulations which hampered the development of industry at home.
In the meantime, State Minister for National Development Planning / Chairman of National Development Planning Board (Bappenas) predicted that the U.S. financial crisis would affect economic growth in Asia, including Indonesia.
"It will weaken economic growth, particularly in Asia. We have to keep an eye on it because we will be forced to re-direct our exports to new destinations, possibly to the Middle East," Paskah said before attending an economic ministers' coordination meeting at the Finance Ministry here on Sunday.
Previously, the government and the House of Representatives (DPR)'s Budgetary Committee had agreed a 6.3 percent economic growth assumption in the 2009 state budget. The target was higher than the government's initial proposal at 6.2 percent.
The minister said that restoring the public confidence towards the US economic condition, particularly its financial sector, would relatively need time.
