Overview

As the world’s largest archipelagic country, Indonesia controls vast areas of ocean which ultimately amount to 70% of the country’s total area. As a result, Indonesia has tremendous potential in terms of its fisheries sector.[1] Indeed, the Indonesian Government has designated its fisheries sector as one of the national economy’s primary backbones due to the significant growth that it has posted in recent years in comparison with other sectors. During the first quarter of 2019 alone, the fisheries sector contributed IDR 62.31 trillion to Indonesia’s gross domestic product, a figure which was around IDR 3 trillion higher than that posted during the first quarter of 2018. Moreover, exports of fisheries-related commodities (“Fisheries Commodities”) reached IDR 40.57 trillion during the first semester of 2019, a full 24.29% higher than the figure posted during the same period of the previous year. Moreover, export numbers are expected to rise further in the future.[2]