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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Indonesia ramps up e-commerce for offshore market

Wednesday, August 27, 2014 > 08:35:00
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(Global Post)

The Indonesian trade ministry is promoting and encouraging business sectors, including small and medium enterprises, to use e-commerce trading facility, as an effort to boost penetrating markets in overseas, officials said here on Tuesday.

Deputy Trade Minister Bayu Krisnamurthi said Indonesia has a great potential to raise sales of products through e-commerce trading facility.

"Currently there are about 75,000 users of e-commerce, far below the 55 millions of small and medium enterprises in the country," he disclosed at the trade ministry.

The deputy minister said the government was composing the regulation on the usage of the trading facility.

"The regulation tends at the promotion and protection on both producer and consumer of this online trading," said the official.

He said the government expected the draft of the regulation on the e-commerce trading would be ready before Oct. 20, the end of the current administration.

To make the small and medium enterprises could access the trading facility at a higher level, Bayu said the ministry would provide technical assistance.

The trade ministry projects the country's export to grow by 4.1 percent to 190 billion U.S. dollar this year due to a hike in non- oil and gas shipment overseas.

Indonesia is the world's largest exporter of palm oil, thermal coal, and the world's third biggest exporter of rubber and cocoa, as well as home to the world's second-biggest copper mine.

The country has scrambled to narrow current account deficit to around three percent of the GDP this year from that of 3.3 percent of the GDP last year, according to the central bank governor Agus Martowardojo.


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