2018 export growth probably to be 7.5 percent, says trade minister
Trade Minister Enggartiasto Lukita has calculable that export growth in 2018 would reach solely seven.5 percent, so much below the targeted eleven p.c, though the official result has not been discharged.
Last year's eleven p.c target was already less than the sixteen p.c export growth achieved in 2017.
Enggartiasto has attributed the lower export growth to international economic turbulence that crystal rectifier to a decline in native market demand.
"I simply need to be realistic, as I see that non-oil and gas exports solely [grew] seven.47 p.c in November," Enggartiasto told reporters on Mon at the ministry.
The trade minister's projection reflects Indonesia's trade gap plight, that recorded a US$7.52 billion deficit in November.
The government, he said, would keep increasing bilateral and three-sided trade agreements so as to secure access to foreign markets and drive exports.
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