Jakarta, Oct. 15 -- The Indonesian government has set a target of reducing national logistics costs to 12.5 percent of gross domestic product (GDP) by 2029, down from 14.29 percent in 2022, a minister said.

In a statement received here on Thursday, Coordinating Minister for Economic Affairs Airlangga Hartarto said President Prabowo Subianto had tasked him with coordinating efforts to lower logistics costs and improve economic competitiveness.

The mandate is stipulated in Presidential Regulation No. 41 of 2026 on Strengthening National Logistics, which was enacted on July 16, he added.

Airlangga remarked the government aims to further reduce logistics costs to 8 percent of GDP by 2045, when Indonesia marks its centennial.

The regulatio...