(1/13/2012)
The Bali chapter of the Indonesian Employers Association (APINDO) is predicting that the value of exports for a number of Bali-based commodities will continue to decline in 2012.
Quoted by the National News Agency Antara, the chairman of APINDO-Bali, Panudiana Kuhn said, “I predict a decline in export values this year due to the global economic crisis which has yet to recover.” Kuhn says the crisis is affecting several key export destination markets for Bali.
In the APINDO-Bali chairman’s view, the destination markets for Bali exports will focus more on basic commodities in difficult economic times, spending less on items such as handicrafts.
Kuhn claims that in addition to an unfavorable economic climate, Bali’s ability to export to the United States and Europe is also being affected by competition from other countries, including China. He sees China as dominating world export markets at this time.
“This situation is a big challenge that must be confronted by Bali exporters in the coming year. At this time, we are all depending on the government to provide a solution to retain export levels so they do not decline further,” said Kuhn.
The Trade and Industry Service of Bali places the value of Bali exports from January to November 2011 at US$462 million. That figure declined 1.6% from the US$469 million achieved during the same period one year before.
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