Industry Minister, Association to Anticipate COVID-19 Impact

    Antara - 27 Februari 2020 15:16 WIB
    Industry Minister, Association to Anticipate COVID-19 Impact
    Illustration ( Rizal)
    Jakarta: Industry Minister Agus Gumiwang Kartasasmita cooperated with the national industry association to anticipate the impact of the COVID-19 outbreak on domestic manufacturing which has been predicted to be prolonged.

    "As Industry Minister, I must be prepared to cooperate with the association for the worst possibility if the COVID-19 cannot be overcome," he said in Balaraja, Banten Province, on Wednesday.

    According to Agus, China is Indonesia's most important trading partner where 25 percent to 30 percent of its trade balance is obtained from trading with the country.

    "Of course, we must be prepared. We have to anticipate.If the recovery of this corona does not meet our expectations, this will certainly disrupt the availability of raw materials," he said.

    The Functional Groups (Golkar) Party chairman said that several industries were hampered by the impact of the coronavirus outbreak. Among them are the textile industry and textile products. These industries whose the supplies of raw materials partly rely on China are starting to stop their operations.

    "As a result, the national industry must look for sources of raw materials from other countries. Of course, this will affect the price and will affect the competitiveness of the industry itself, " he remarked.

    Thus, not only Indonesia, other countries whose supplies of raw materials are from China will also compete to find alternative sources and markets from other countries. This is being anticipated by the Indonesian Government so that the competitiveness of the country's domestic industry is well maintained. (Antara)


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