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Serious Commitment Needed to Control Imports

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· 3 minutes read
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KOMPAS/HERU SRI KUMORO

Ekspor-Impor An officer watches the transfer of LNG from PT Pertamina Hulu Makaham\'s Mahakam Block to the Nusantara Regas Satu Floating Storage Regasification Unit (FSRU) in the Bay of Jakarta on Thursday (4/1/2018).

JAKARTA, KOMPAS – The seriousness of the government and stakeholders in controlling imports is needed in order to reduce the trade balance deficit, which has continued to widen, affecting the current account deficit.

The government also needs to promote non-oil and gas exports. During January-October 2018, non-oil and gas exports continued to fall. According to Statistics Indonesia (BPS), Indonesia recorded a trade deficit of US$5.51 billion during the period of January-October 2018. In fact, in the same period last year, the country enjoyed a trade surplus of $11.8 billion.

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