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)

Fibre2Fashion News Desk – India

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