OVERVIEW

In 2017, Indonesia’s economic climate began to gradually improve, supported by overall improvements to exports and investment. These positive improvements have in turn contributed 5.07% to Indonesia’s overall economic growth, which represents an increase over the 2016 growth rate of 5.03%.[1] However, the country’s export flows of produced goods are currently facing hard times. Figures reveal that in December 2018, Indonesia’s export value decreased by around 4.62%. As a result of this decline, and in a bid to encourage businesses to engage in export activities, the Indonesian government decided to step up the granting of export facilities.