Zulhas reveals that trade patterns are shifting to eastern countries

Jakarta

Trade Minister Zulkifli Hasan (Zulhas) said that global trade, including in Indonesia, has begun to change. In fact, this shift can be seen in the fact that the population used to trend westward, but is now trending eastward.

Zulhas expressed this when he attended the 2023 LDII National Working Meeting in Jakarta as a speaker today. The event was themed “Creating Professional Religious Human Resources within the Framework of the Republic of Indonesia for a Golden Indonesia 2045”.

On this occasion, Zulhas was also accompanied by Director General of Domestic Trade (Dirjen PDN) of the Ministry of Trade Isy Karim and Secretary General of the Ministry of Trade Suhanto.

“Trade used to be with the West, now the East is the big trade, whether China likes it or not,” Zulhas said at the 2023 LDII national working meeting in Jakarta on Tuesday (11/7/2023).

The trade minister, who is also the general chairman of PAN, said that this change is due to the fact that Western countries currently tend to experience changes in behavioral patterns. This is different from the East, which currently tends to work hard to become a developed country.

“It is very difficult to have (trade) relations with the West. People are getting older, wanting to have fun, learning less and working harder. Now the countries are emerging economies in the East,” he explained.

Despite all the changes, America is currently still Indonesia’s largest trading partner, he said.

In terms of numbers, he explained that there are a number of countries that are the largest contributors to the trade surplus in 2022, namely America with $16.56 billion, India with $14.03 billion, the Philippines with 11.4 billion US dollars and Japan with 7.67 billion US dollars, the Netherlands 4.52 billion US dollars, Taiwan 4.22 billion US dollars, Pakistan 4.13 billion US dollars, Bangladesh 3.77 billion US dollars. dollars, Vietnam $3.66 billion and Malaysia $2.95 billion.

“Once again the world is starting to change when it comes to trade. In fact, America is still number one right now, but now the biggest is no longer the West, but China. The largest trade is China. But the most profitable are India and Pakistan,” Zulhas concluded.

(akd/akd)

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