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Trade and manufacturing

Indonesia the Wirjawan question

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Late last month, Indonesian Trade minister Gita Wirjawan stood down to concentrate on his long-anticipated campaign for the Indonesian Presidency. Wirjawan has set the tone for Indonesian inward investment and trade policy for half a decade, and that tone has been a pragmatic mix of openness and intervention. Under Wirjawan, Jakarta has taken a series of measures designed in large part to force change in Indonesia’s trade profile – substituting a higher level of value-added production for a heavy dependence on raw commodity exports. Handicapped by a party ticket in free fall and in a potential contest with Indonesia’s rising political superstar Joko Widodo, Wirjawan is very unlikely to win the Indonesian Presidency. But his political and policy style is likely to outlast him.

The views expressed in this report can be attributed to the named author(s) only.