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Indonesia: weathering the storm

Early to mid-2013 was a difficult time for the Indonesian economy. This led to the country becoming tagged with the unfortunate moniker of a member of the “fragile five” of the developing world.

However, late 2013 and early 2014 has been a more positive period. In December 2013, Indonesia recorded its largest monthly trade surplus for nearly two years and exports rose by approximately 10.3% year on year (The Economist).

An element of protectionism by the government has assisted this process and there are directed attempts to protect local producers from foreign competition. Given it is election year it is expected that such steps will continue to be taken to ensure economic stability.

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This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

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