INDONESIA WON’T BECOME IMPORTED PRODUCTS MARKET

Indonesia Trade Minister, Rachmat Gobel (Indonesia.go.id)

Jakarta, 19 Ramadan 1436/6 July 2015 (MINA) – Indonesia Trade Minister, Rachmat Gobel said his institution is in the implementation of supporting export licenses and import raw materials in the telecommunication sector.

With a full authority of giving licence, Gobel said, the government could increase the added value of domestic products. “We do not want Indonesian a market imported products whereas we actually we can do that,” said Gobel in Jakarta, Saturday (4/7).

Gobel said, the implementation of the local content in telecommunications sector, the government does not prohibit the import but rather emphasizes local content for telecomunication products that already exist in Indonesian market. “I think in Indonesia, one person had two to three mobile phone. That is our market,” he added.

Indonesian telecommunications market should be improved by increasing the portion of local content to 50 to 60 percent. ” It must be empowered and we have to increase the value. Our younger generation are masters in the field,” he concluded. Infopublik quoted by Mi’raj Islamic News Agency (MINA) as reporting.

Indonesia is “Asia’s next big opportunity,” according to a new report from Boston Consulting Group, which cites its fast-growing economy (up 6.2% last year, forecast to grow 6.8% in 2013) and favorable demographics.

Over 60 per cent of the population is between 20-65, which gives the country a large bank of earners and not too many old people for workers to support.

While most Indonesians live in relative poverty, lacking air conditioning, broadband and access to healthcare, their cheery optimism about the future makes them happy to spend what they have.

The nation’s consumer sector is thriving, and BCGs data shows 91% of Indonesians feel at least somewhat financially secure—a higher percentage than the US, the EU, or Japan. .(T/P008/R03)

Mi’raj Islamic News Agency (MINA)