• Latest
  • Trending

Jokowi ensures trade balance surplus between Indonesia, China in 2022

August 23, 2022

China will make more glorious achievements under leadership of CPC: Mongolian politician

November 17, 2022
Tuesday, May 13, 2025
No Result
View All Result
Daily NHT
  • Home
  • NHT E-Paper
  • Al-Akhbar
  • National
  • International
  • China
  • Eurasia
  • Current Affair
  • Columns
    • Echoes of Heart
    • Comment
    • Articles
    • Opinion
  • World Digest
  • About us
  • Contact
  • Home
  • NHT E-Paper
  • Al-Akhbar
  • National
  • International
  • China
  • Eurasia
  • Current Affair
  • Columns
    • Echoes of Heart
    • Comment
    • Articles
    • Opinion
  • World Digest
  • About us
  • Contact
No Result
View All Result
Daily NHT
No Result
View All Result

Jokowi ensures trade balance surplus between Indonesia, China in 2022

Web DeskbyWeb Desk
August 23, 2022
in International
0
0
SHARES
41
VIEWS
Share on FacebookShare on Twitter

Jakarta (ANTARA) – President Joko Widodo (Jokowi) ensures that the trade balance between Indonesia and China will be in surplus in 2022. The increase cannot be separated from the government’s policy of implementing industrial downstreaming, especially for mining commodities. Industrial downstreaming was able to boost exports and encourage the improvement of trade balance, Jokowi noted.
“I remember our trade balance with China in 2012 was a deficit of US$7.7 billion. In 2021, our trade balance was a deficit of US$2.4 billion because we were able to export steel. This year, I ensured we would have a surplus with China,” Jokowi noted in his remarks at the Indonesian Chamber of Commerce and Industry (KADIN) leaders’ briefing here, Tuesday.
For instance, the results of the policy to stop exporting raw nickel has led to a leap in trade value for Indonesia, he stated. According to the president, some five to seven years ago, nickel exports were only valued at US$1.1 billion, or around Rp16 trillion. That figure jumped to US$28 billion, or around Rp306 trillion, in 2021.
“In the end, this nickel (export value) will be around US$35-40 billion, as the derivatives have not been completed,” he remarked. In fact, the head of state recalled that the first time he had implemented the policy to stop exporting raw nickel, he received several complaints, including from KADIN, which stated that Indonesia was not ready with such a policy.
Hence, with the success that was demonstrated, the head of state invited the ranks of KADIN to play an active role in encouraging the downstreaming of the mining industry. “Please implement this for other raw materials and not only a nickel. If you cannot stand alone, find a partner to join your business.

Previous Post

No blanket immunity available to the Parliamentarians and assembly proceedings in Constitution

Next Post

Azerbaijan launches new money transfer system from Russia

Next Post
Azerbaijan launches new money transfer system from Russia

Azerbaijan launches new money transfer system from Russia

Echoes of the Heart

  • Kazakh President satisfied  with results of talks with Putin

    Kazakh President satisfied with results of talks with Putin

    Kazakh President Kassym-Jomart Tokayev signified satisfaction following the lengthy face-to-face talks with President of Russia Vladimir Putin in Sochi, the Facebook account of the President’s press secretary Ruslan Zheldibay reads. During the talks the parties debated a wide range of issues concerning trade and economic, investment, humanitarian cooperation, cooperation of the two nations in the […]Read More »
  • Home
  • NHT E-Paper
  • Al-Akhbar
  • National
  • International
  • China
  • Eurasia
  • Current Affair
  • Columns
  • World Digest
  • About us
  • Contact

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • NHT E-Paper
  • Al-Akhbar
  • National
  • International
  • China
  • Eurasia
  • Current Affair
  • Columns
    • Echoes of Heart
    • Comment
    • Articles
    • Opinion
  • World Digest
  • About us
  • Contact

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.