Interviews
Indonesia pushes export performance amid US-PRC trade war
29 Oct '18
1 min read
The Indonesian trade ministry is pushing the country’s export performance by exploring new markets through trade deals amid the ongoing US-China trade war, according to trade minister Enggartiasto Lukita. The country will now import cotton from the United States to compensate, he said. Its imports still exceed its exports worth $14.60 billion.
The country’s Central Statistics Agency (BPS) announced this month that its trade balance had experienced a surplus of $230 million throughout September, a contrast to the preceding month that experienced a $1.02-billion deficit, according to Indonesian media reports.
Indonesia currently has trade deals with 10 countries that generated a total transaction up to $10.02 billion from January to October this year. The countries are Pakistan, India, the United States, Spain, Swiss, Tunisia, Bangladesh, Taiwan, New Zealand and Morocco. (DS)
The country’s Central Statistics Agency (BPS) announced this month that its trade balance had experienced a surplus of $230 million throughout September, a contrast to the preceding month that experienced a $1.02-billion deficit, according to Indonesian media reports.
Indonesia currently has trade deals with 10 countries that generated a total transaction up to $10.02 billion from January to October this year. The countries are Pakistan, India, the United States, Spain, Swiss, Tunisia, Bangladesh, Taiwan, New Zealand and Morocco. (DS)
Fibre2Fashion News Desk – India
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
