Jakarta: President Joko "Jokowi" Widodo attended the opening ceremony of the 21st Jakarta International Handicraft Trade Fair (INACRAFT 2019) at the Jakarta Convention Center (JCC) in Central Jakarta on Wednesday.
Held for four days until April 28, it is the largest handicraft exhibition in Indonesia. Orhanized by the the Association of Indonesian Handicraft Exporters and Producers (ASEPHI), the theme of this year's event is “Jakarta Enjoyable Multicultural Diversities”.
"I always see an improvement everytime I visit Inacraft," President Jokowi told the participants of the opening ceremony this morning.
"Our handicraft industry will get better if we can improve our global market share," President Jokowi noted.
Cumulatively, Indonesia recorded a trade deficit of USD 193.4 million in the first quarter of 2019. According to the Central Statistics Agency (BPS), the country recorded a trade surplus of USD 314.4 million in the same period last year.
In the first quarter, the non-oil and gas sector recorded a trade surplus of USD 1.15 billion. On the other hand, the oil and gas sector recorded a trade deficit of USD 1.34 billion.
"Bank Indonesia is confident that the larger trade surplus recorded in March 2019 will help to improve the current account position," the central bank said in a written statement last week.
Moving forward, Bank Indonesia and the Government will continue to coordinate when monitoring global and domestic economic developments, thereby strengthening external sector resilience, including the current account outlook," the central bank added.