This assertion was made on the Ministry of Commerce workplace, right here on Wednesday, in response to the weakening of the rupiah towards overseas commerce.
“We’ve got alternate options, corresponding to barter. On June 12, we are going to meet with Philippine enterprise individuals,” the minister stated.
He stated the plan was a follow-up to his assembly with a Filipino businessman on the sidelines of the ASEAN Joint Overseas and Financial Ministers (AMM-AEM) assembly in Cebu, Philippines, a while in the past.
He stated the businessman had been importing Indonesian merchandise and proposed utilizing a barter mechanism to facilitate commerce.
Indonesia and the Philippines have each skilled forex depreciation towards the US greenback. This proposal emerged as a brand new various.
In the meantime, the Ministry of Commerce has additionally adopted up on the proposal by discovering an appropriate purchaser.
He stated a purchaser for this collaboration had been discovered, and the contract signing was deliberate for June 12.
Though he has not but talked about the commodities that will likely be traded underneath the scheme, the minister confirmed that particulars of the collaboration will likely be conveyed when the contract signing takes place.
Relating to the impression of the weakening trade fee on the costs of meals and imported uncooked supplies, the minister stated that the federal government continues to observe distribution and provide to make sure that industrial and public wants are met.
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Translator: Maria Cicilia Galuh Prayudhia, Katriana
Editor: Azis Kurmala
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