July 28, 2022, 11.46 AM

“We lost a lot as India now gets their supply from Malaysia. Now, where can we sell those supplies of palm oil? China is most prepared to buy it,” said Yudhistira.

However, Jokowi did succeed on Tuesday in getting China to agree on importing an additional 1 million tons of crude palm oil, while prioritizing imports of agricultural products from Indonesia, according to Indonesian Foreign Minister Retno Marsudi.

Having China as a top trading partner, however, comes with problems. Several ambitious China-funded infrastructure projects were allegedly plagued by problems like substandard planning and negative environmental impacts.

Yudhistira warned that without proper oversight, mega infrastructure projects could bring long-term consequences to the economy.

The economist added it would be a mistake to disregard long-term negative impacts, as China offers plenty of liquidity that Indonesia needs right now.

“We must learn to be selective like Malaysia. They do not say yes to all projects, but rather select which projects will benefit society and the environment.”

Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

August 16, 2022, 01.24 PM

UN Envoy Makes First Visit to Myanmar

August 15, 2022, 09.06 PM

Myanmar Court Sentences Suu Kyi to 6 Years

August 12, 2022, 04.41 PM

Researchers Warn of Melting Antarctic Ice Sheet

Close Ads