Minister urges businesses to diversify raw material import origins
Jakarta, Oct. 30 -- Trade Minister Budi Santoso encouraged businesses to diversify their import countries of raw materials and capital goods.
"When 91 percent of our capital goods and raw materials are imported, we need to expand our suppliers. We should not be dependent on one or two suppliers; it can increase their bargaining power," he said in Jakarta on Friday.
Statistics Indonesia (BPS) data indicated that manufacturing accounts for 82 percent of Indonesia's exports, while the remaining share comes from the mining, oil and gas, and agriculture sectors.
"If we look at the manufacturing industry sector, it also grew by 7.87 percent. This is also in line with our import structure where 91 percent of our imports are raw materials and ...
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