Trade Minister Muhammad Lutfi provides update on Indonesian economy

With Indonesia experiencing a surge in COVID-19 infections, Asia House welcomed Indonesian Trade Minister Muhammad Lutfi to brief Corporate Members on the current situation in the country, and its plans for economic recovery beyond the crisis.

In a comprehensive briefing, Minister Lutfi provided an update on the public health situation in Indonesia, including the progress of the country’s vaccination rollout, and outlined growth projections for the economy. The Trade Minister also discussed Indonesia’s trade balances, export trends, and the opportunities emerging in the digital economy.

Asia House Chief Executive Michael Lawrence, chairing the briefing, brought Corporate Members from around the world into the discussion. Minister Lutfi was asked about the impact of US-China tensions on trade in the region; Indonesia’s trade relations with the EU and the UK; and the country’s reform programme, aimed at improving its investment environment and ease of doing business. Specific sectors including finance, tourism, seafood and the digital economy were also discussed.

With Indonesia expected to be among the world’s top five economies by 2050, the briefing provided Asia House Corporate Members with unique insights on this key global market.

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