Surabaya Container Terminal

BankBank Indonesia (BI) and the Indonesian Ministry of Trade (Kemendag) are committed to strengthening synergies to strengthen the domestic market and increase the competitiveness of the foreign trade sector. This was accomplished through the signing of a 'Memorandum of Understanding (NK) of Cooperation and Coordination for the Implementation of Duties and Authorities' between BI and the Ministry of Trade.
 
The memorandum of understanding was signed by the Governor of Bank Indonesia, Perry Warjiyo and the Minister of Trade, Agus Suparmanto on Wednesday (30/9) in Jakarta. The synergy and cooperation cover seven things in the economic and trade sectors.
 
The seven matters are the formulation of policies that support inflation control, control imports, increase export competitiveness, and increase foreign and domestic trade cooperation; formulation of Indonesia's position in international trade cooperation; implementation of payment system policies; UMKM formulation, implementation and development; formulation and implementation of consumer protection policies; Islamic economic development in the trade sector; and development of human resource competencies.
 
The Governor of Bank Indonesia, Perry Warjiyo, said that there are three sectors or areas that can support, assist and encourage national economic recovery. First, the international trade sector, currently Indonesia's export conditions are quite improving.
 
"Cooperation in trade promotion through synergy with the Ministry of Trade, Ministry of Foreign Affairs, and Bank Indonesia has also been quite well established," he said on the occasion.
 
Second, accelerate the absorption of budget realization. In this case, BI and the Government undertook a burden sharing scheme to accelerate economic recovery. Third, encourage domestic trade, especially in the MSME sector, through digitalization support in the payment system.
 
In addition, in enhancing the competitiveness of the foreign trade sector so as to increase exports, improve the current account balance and promote sustainable economic growth, as well as support monetary stability, financial system stability and smooth payment system.
 Indonesia (BI) and the Indonesian Ministry of Trade (Kemendag) are committed to strengthening synergies to strengthen the domestic market and increase the competitiveness of the foreign trade sector. This was accomplished through the signing of a 'Memorandum of Understanding (NK) of Cooperation and Coordination for the Implementation of Duties and Authorities' between BI and the Ministry of Trade.
The memorandum of understanding was signed by the Governor of Bank Indonesia, Perry Warjiyo and the Minister of Trade, Agus Suparmanto on Wednesday (30/9) in Jakarta. The synergy and cooperation cover seven things in the fields of economy and trade.
The seven matters are the formulation of policies that support inflation control, control imports, increase export competitiveness, and increase foreign and domestic trade cooperation; formulation of Indonesia's position in international trade cooperation; implementation of payment system policies; UMKM formulation, implementation and development; formulation and implementation of consumer protection policies; Islamic economic development in the trade sector; and development of human resource competencies.
 
The Governor of Bank Indonesia, Perry Warjiyo, said that there are three sectors or areas that can support, assist and encourage national economic recovery. First, the international trade sector, currently Indonesia's export conditions are quite improving.
"Cooperation in trade promotion through synergy with the Ministry of Trade, Ministry of Foreign Affairs, and Bank Indonesia has also been quite well established," he said on the occasion.
Second, accelerate the absorption of budget realization. In this case, BI and the Government undertook a burden sharing scheme to accelerate economic recovery. Third, encourage domestic trade, especially in the MSME sector, through digitalization support in the payment system.
In addition, in enhancing the competitiveness of the foreign trade sector so as to increase exports, improve the current account balance and promote sustainable economic growth, as well as support monetary stability, financial system stability and the smooth operation of the payment system.