Statistics Indonesia says B20 hasn’t lowered imports yet

October 23, 2018 |

In Indonesia, the Jakarta Post reports that the head of Statistics Indonesia is skeptical about the impact the B20 policy in place since September 1 has had on the country’s trade deficit. The agency’s deputy head called out the B20 policy during a press conference, saying it had yet to show results despite the country shifting to a $230 million surplus in September following more than $1 billion deficit in August and $2 billion in July. Specific data regarding fuel imports were not reported, but he was also skeptical of the import impact tariffs lobbed on more than 1,100 products would have in strengthening the economy despite overall imports falling more than 13% in September compared to August.

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Category: Policy

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