TUGAS 2 - BAHASA INGGRIS NIAGA

Nama : Galih Taufiq Hidmansyah

NIM : 044802774
Fakultas : Ekonomi

Export and Import Policy in Indonesia

Export and import are two interrelated aspects of trade that are essential to Indonesia's
economy. Exports generate foreign exchange earnings, which can be used to finance
imports of essential goods and services, as well as investment and economic growth.
Imports provide Indonesian consumers and businesses with access to a wider range of
goods and services, and can help to improve productivity and competitiveness.

The Indonesian government has implemented a number of policies to promote exports and
imports, including:

Trade liberalization: The government has gradually reduced tariffs and other trade barriers,
making it easier for Indonesian exporters to sell their products in foreign markets and for
Indonesian importers to buy goods and services from foreign suppliers.
Free trade agreements (FTAs): Indonesia has signed FTAs with a number of countries and
regional trading blocs, including the United States, China, Japan, and the European Union.
FTAs provide Indonesian exporters with preferential access to foreign markets and can help
to reduce the cost of imports.
Export incentives: The government provides a number of export incentives, such as tax
breaks and subsidies, to help Indonesian exporters compete in global markets.
Import regulations: The government imposes a number of import regulations, such as tariffs,
quotas, and import licenses, to protect domestic industries and to ensure that imported
goods meet certain standards.
The Indonesian government's export and import policies have helped to boost the country's
trade performance. Indonesia's exports have grown rapidly in recent years, and the country
is now one of the world's leading exporters of commodities such as coal, palm oil, and
rubber. Indonesia's imports have also grown rapidly, with the country importing a wide range
of goods, including consumer goods, machinery and equipment, and energy products.

My Thoughts on Indonesia's Export and Import Policy

I believe that Indonesia's export and import policy is generally well-designed and effective.
The government's focus on trade liberalization and FTAs has helped to boost Indonesia's
exports and make the country more competitive in global markets. The government's export
incentives have also helped to support the growth of Indonesia's export sector.

However, there are some areas where the government's export and import policy could be
improved. For example, the government could do more to support the development of
high-value-added exports, such as manufactured goods. The government could also do
more to streamline import procedures and reduce the cost of doing business in Indonesia.

Examples of the Impact of Indonesia's Export and Import Policy

Here are some examples of the impact of Indonesia's export and import policy:

The growth of Indonesia's automotive industry has been driven by exports. In 2022,
Indonesia exported over 500,000 vehicles, making it one of the world's leading exporters of
passenger cars and commercial vehicles.
Indonesia's textile and garment industry is also a major exporter. In 2022, Indonesia
exported over $10 billion worth of textiles and garments.
Indonesia is a major importer of energy products, such as oil and gas. In 2022, Indonesia
imported over $30 billion worth of energy products.
Indonesia is also a major importer of machinery and equipment. In 2022, Indonesia imported
over $50 billion worth of machinery and equipment.
Conclusion

Indonesia's export and import policy is an important part of the country's economic
development strategy. The government's focus on trade liberalization and FTAs has helped
to boost Indonesia's exports and make the country more competitive in global markets. The
government's export incentives have also helped to support the growth of Indonesia's export
sector.

While there are some areas where the government's export and import policy could be
improved, overall, I believe that the policy is well-designed and effective. Indonesia's export
and import performance has been strong in recent years, and the country is well-positioned
to continue to expand its trade in the years to come.

Reference :
https://repository.cips-indonesia.org/media/publications/556953-trade-for-economic-recovery
-import-polic-c89623ff.pdf

https://www.econjournals.com/index.php/ijefi/article/download/5217/pdf/13663#:~:text=Using
%20pooled%20least%20square%20method,main%20driver%20of%20economic%20growth.