POLICY
JAKARTA (FORESTHINTS.NEWS) - Indonesian Environment and Forestry Minister Siti Nurbaya said that the country’s forestry subsector was still able to achieve positive growth in the composition of Indonesia's Gross Domestic Product (GDP) as of the second quarter of the year, despite the COVID-19 global pandemic.
“We are carrying on with our hard work to ensure that growth of the forestry subsector in GDP remains positive with a further rising share in the third and fourth quarters,” Minister Nurbaya said in a policy briefing at the ministry building (Aug 6).
Upstream forestry business operations, she added, remain under close observation with stability of the subsector being encouraged amid the COVID-19 outbreak.
“Both tax and non-tax measures continue to be prioritized to ensure downstream and upstream forestry businesses survive,” she said.
Minister Nurbaya described how stable forestry business operations, particularly during the COVID-19 pandemic, contribute at a certain level to enhanced public consumption which makes up the largest share of Indonesian GDP.
“We are all firmly focused on targeting improved growth of Indonesia’s GDP in the third and fourth quarters of this year,” she stressed.
In the second quarter of the year, growth of the forestry subsector as a portion of Indonesia’s GDP stayed positive, year on year (y-on-y), quarter to quarter (q-to-q), as well as semester to semester (c-to-c), as shown consecutively in the following three graphs which refer to recently-published data from the Indonesian Central Bureau of Statistics (BPS).
Additional moves
Minister Nurbaya also explained that other moves, besides those related to upstream and downstream forestry business operations, are also being prioritized in parallel.
These include an emphasis on raising public purchasing power and consumption as linked to forestry and environmental priorities.
“These priorities will be expanded as much as possible with the largest possible budget. The main objective of this is to open up employment opportunities as widely as possible, and to push up community-based purchasing power and consumption,” Minister Nurbaya explained.
Forestry export performance steady
Overall forestry product export performance remains stable despite the challenges of the COVID-19 pandemic, improving to certain countries and regions while declining to others.
This was the key message conveyed by Indonesian Forestry Business Association Chairman Indroyono Soesilo in policy discussion held by video call with FORESTHINTS.NEWS (Aug 5).
“Our forestry exports to China rose from January to July this year compared to the same period last year,” he said.
“Whereas, forestry export performance to Japan and South Korea in the first seven months of the year declined slightly but stayed at a fairly stable level,” he added.
Encouragingly, he continued, Indonesia's forestry product export performance to the US also improved from January to July this year compared to the same period in 2019.
Moreover, Soesilo also explained that Indonesia's forestry product export performance has begun to rebound to EU countries, largely thanks to the retention of SVLK (the Indonesian Timber Legality Assurance System).
“We really appreciate the leadership of Minister Nurbaya in her fight to maintain SVLK which has enabled Indonesia's forestry product export performance to keep stable,” he said.
Soesilo also expressed his gratitude to the minister for her support for the ongoing survival of forestry businesses, mainly by adjusting tariffs and taxes along with other effective measures.
“We are endeavoring to survive in these difficult times caused by the devastating COVID-19 pandemic, and we are doing our very best to avoid any lay offs,” he emphasized.
The association chairman also elaborated on “efforts to boost forestry product export performance which are being undertaken by prioritizing domestic market obligations.”
He concluded by congratulating Minister Nurbaya on her outstanding achievement in ensuring that the forestry subsector continued to make a positive contribution to Indonesia’s GDP in the second quarter of 2020.
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POLICY
JAKARTA (FORESTHINTS.NEWS) - Indonesian Environment and Forestry Minister Siti Nurbaya said that the country’s forestry subsector was still able to achieve positive growth in the composition of Indonesia's Gross Domestic Product (GDP) as of the second quarter of the year, despite the COVID-19 global pandemic.
“We are carrying on with our hard work to ensure that growth of the forestry subsector in GDP remains positive with a further rising share in the third and fourth quarters,” Minister Nurbaya said in a policy briefing at the ministry building (Aug 6).
Upstream forestry business operations, she added, remain under close observation with stability of the subsector being encouraged amid the COVID-19 outbreak.
“Both tax and non-tax measures continue to be prioritized to ensure downstream and upstream forestry businesses survive,” she said.
Minister Nurbaya described how stable forestry business operations, particularly during the COVID-19 pandemic, contribute at a certain level to enhanced public consumption which makes up the largest share of Indonesian GDP.
“We are all firmly focused on targeting improved growth of Indonesia’s GDP in the third and fourth quarters of this year,” she stressed.
In the second quarter of the year, growth of the forestry subsector as a portion of Indonesia’s GDP stayed positive, year on year (y-on-y), quarter to quarter (q-to-q), as well as semester to semester (c-to-c), as shown consecutively in the following three graphs which refer to recently-published data from the Indonesian Central Bureau of Statistics (BPS).
Additional moves
Minister Nurbaya also explained that other moves, besides those related to upstream and downstream forestry business operations, are also being prioritized in parallel.
These include an emphasis on raising public purchasing power and consumption as linked to forestry and environmental priorities.
“These priorities will be expanded as much as possible with the largest possible budget. The main objective of this is to open up employment opportunities as widely as possible, and to push up community-based purchasing power and consumption,” Minister Nurbaya explained.
Forestry export performance steady
Overall forestry product export performance remains stable despite the challenges of the COVID-19 pandemic, improving to certain countries and regions while declining to others.
This was the key message conveyed by Indonesian Forestry Business Association Chairman Indroyono Soesilo in policy discussion held by video call with FORESTHINTS.NEWS (Aug 5).
“Our forestry exports to China rose from January to July this year compared to the same period last year,” he said.
“Whereas, forestry export performance to Japan and South Korea in the first seven months of the year declined slightly but stayed at a fairly stable level,” he added.
Encouragingly, he continued, Indonesia's forestry product export performance to the US also improved from January to July this year compared to the same period in 2019.
Moreover, Soesilo also explained that Indonesia's forestry product export performance has begun to rebound to EU countries, largely thanks to the retention of SVLK (the Indonesian Timber Legality Assurance System).
“We really appreciate the leadership of Minister Nurbaya in her fight to maintain SVLK which has enabled Indonesia's forestry product export performance to keep stable,” he said.
Soesilo also expressed his gratitude to the minister for her support for the ongoing survival of forestry businesses, mainly by adjusting tariffs and taxes along with other effective measures.
“We are endeavoring to survive in these difficult times caused by the devastating COVID-19 pandemic, and we are doing our very best to avoid any lay offs,” he emphasized.
The association chairman also elaborated on “efforts to boost forestry product export performance which are being undertaken by prioritizing domestic market obligations.”
He concluded by congratulating Minister Nurbaya on her outstanding achievement in ensuring that the forestry subsector continued to make a positive contribution to Indonesia’s GDP in the second quarter of 2020.
RELATED STORIES
