Jokowi talks on smes to reduce inequality at apec summit

19 November, 2018 | Source: Antara News

President Joko Widodo (Jokowi) talked about the role of small and medium enterprises (SMEs) to promote inclusivity and reduce inequality in the globalization era, during the working lunch of the APEC Summit in Port Moresby, Papua New Guinea, on Sunday.

Inequality was one of the topics Jokowi keen to talk about in the lunch under the theme of `Promoting Inclusive Growth in the Digital Age`, according to a statement from Deputy for Protocol, Press and Media of the Presidential Secretariat, Bey Machmudin.

"If we want to talk about inclusive development, obviously we have to talk about SMEs. They are the backbone of the economy," Jokowi stated.

The total number of Indonesian SMEs stands at 62.9 million business units in 2017. As many as 6 million SMEs have operated their business online.

As the world has now entered the era of Industrial Revolution 4.0, which is a current trend of automation and data exchange in manufacturing technologies, it opens the opportunity to adjust development orientation.

"In the next 30 years, (as concluded) in the Bogor Goals (and post 2020 vision), reducing inequality must be prioritized," Jokowi said.

Regarding human development, he emphasized that every person should be empowered, so they could contribute and be part of the development process.

For this reason, Indonesia has compiled a roadmap for Economic Policy and Vocational Training for 2017-2025.

"In order to maximize the benefits of the digital economy, structural reforms must be carried out. This reform is needed to increase investment in the field of digital economy, empower SMEs, and prepare skilled workers who are digital ready," Jokowi added.

At the end of his statement, the president stressed that the Indonesian government would continue to invest in human development.

 

Indonesia`s economic growth reached a five-year high of 5.17 percent in 2018, mostly fueled by household consumption, investment, and government spending, according to the Central Statistics Agency (BPS).
tate-owned train maker PT Industri Kereta Api (Inka) sent on Sunday 15 train cars to Bangladesh, a portion of 250 train cars to be exported to the country this year after the company exported 200 train cars to the country in 2006 and 2016.
US companies perceive Indonesia as a potential regional hub for conducting their business and trade, Indonesia`s Trade Minister Enggartiasto Lukita stated.
Indonesia has eyed export of liquefied natural gas (LNG) to Cambodia to meet the demand for power plants in the country, Vice President Jusuf Kalla said here on Wednesday.
Indonesian Vice President Jusuf Kalla and Cambodian Prime Minister Hun Sen held bilateral talks at the Lotus Blanc Resort, Siem Reap, Cambodia, on Wednesday morning, to discuss the development of cooperation between both nations.
Economic diplomacy has become one of the priorities of the Indonesian foreign policy by boosting the country′s economic and trade cooperation with African, Central, and South American countries, Foreign Minister Retno L. P. Marsudi stated.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu