Indonesia aims to further reduce logistics costs to 8% of gross domestic product (GDP) by 2045, from 14.29% in 2022, Coordinating Minister on Economic Affairs Airlangga Hartarto said on February 22.
Jakarta (VNA) – Indonesia aims to further reducelogistics costs to 8% of gross domestic product (GDP) by 2045, from 14.29%in 2022, Coordinating Minister on Economic Affairs Airlangga Hartarto said onFebruary 22.
To increase the efficiency of national logistics, Airlanggasaid the Indonesian government will implement regulations including theestablishment of the National Logistics Ecosystem (NLE) to promotecollaboration in information systems between government agencies and companies.Overall, the NLE had made good progress.
According to the minister, to enhance business efficiency, it isimportant to align national logistics management to achieve the target ofreducing logistics costs by 2045 regarding the conditions and dynamics in bothglobal and domestic markets.
This can be achieved by strengthening NLE and expanding thedigitalisation of logistics activities outside the port, reducing costs throughstandardisation of logistics services, enhancing infrastructure andconnectivity based on the restructure of the domestic transportation network,and developing logistics centres as a collection of leading regional products.
He said that Indonesia is improving the logisticssystem while the country is still considering joining the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) to expand itsmarket in Central and South America.
Previously, P꧑resident Joko Widodo alsomentioned the high logistics costs in Indonesia as a decade ago, its logisticscosts accounted for 24% of GDP, compared to 9-12% in other countries.Indonesia's logistics costs have decreased to 14%, but still higherthan those of other countries./.
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Illustrative photo (Photo: bnnbreaking.com) 
