Jakarta, July 23 -- The Ministry of Trade has prepared strategies to anticipate any potential influx of imported products in the wake of the reciprocal tariff negotiations with the United States (US).
"The first one is increasing the competitiveness of local products," Trade Minister Budi Santoso said in Jakarta on Wednesday.
People would be more likely to choose local products if their competitiveness is strengthened. This could also help reduce dependence on imported goods.
Further, as countries facing high US tariffs seek new markets, Indonesia-with its large market-is expected to become an export target, he explained.
To anticipate the import surge, Indonesia could also step up exports to attract investment, he said, outlining the...
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