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Accompanying President Jokowi to the United States, the Minister of Commerce calls for war to harden the economy




JAKARTA- Commerce Minister Muhammad Lutfi said President Joko Widodo viewed the war in Ukraine as creating a humanitarian tragedy and worsening the economy.

This was conveyed by Lutfi when accompanying the President to attend the Special ASEAN-US Summit (US) from May 11-13, 2022 in the United States.

“Rising food, energy and inflation prices have taken place, weighing heavily on the economy and slowing the achievement of the Sustainable Development Goals or SDGs in developing and least developed countries” , said the Minister of Commerce in a press release quoted by Antara on Saturday. , May 14.

According to the Minister of Commerce, President Joko Widodo said that the world is currently experiencing a new problem which is not easy.

After being attacked by the gradually improving COVID-19 pandemic, the world was shocked by the Russian-Ukrainian war issue. Trade Minister Lutfi stressed that President Joko Widodo was against this war.

“President Joko Widodo stressed that the world should soon recover from the COVID-19 pandemic, but the world is facing a new problem, the war in Ukraine. When the world needs cooperation and collaboration, rivalry and confrontation escalate. While the world needs stronger multilateralism, unilateralism is becoming more and more important,” Trade Minister Lutfi said, delivering the President’s statement.

The Minister of Commerce continued, the focus is on the extent of the influence of the United States and Europe in stopping the war in Ukraine.

“Once again stop the war, not win the war in Ukraine,” stressed the Minister of Commerce.

Lutfi said President Jokowi had stressed that the war would not benefit anyone.

“Mr. President stressed that every country, every leader has the responsibility to create favorable environment so that wars can be stopped and peace can be established,” he said.

Currently, the state of global economic growth is quite alarming. The International Monetary Fund or IMF has lowered its forecast for economic growth in emerging and developing Asia to 0.5% in 2022 and 0.2% in 2023. The World Bank also forecasts that economic growth for several countries in the ASEAN will reach only 1.2%.

“President Joko Widodo said that a 10% increase in world oil prices will impact the decline in national income of several ASEAN countries by 0.7% and an increase in wheat prices will cause also a 1% increase in poverty in some ASEAN countries,” the trade minister said.

So far, ASEAN has built an inclusive security architecture, offers a collaborative paradigm, encourages habit of dialogue and rule-based order.

This spirit is also encouraged to be implemented in Indo-Pacific countries through the ASEAN Indo-Pacific Perspectives. Commerce Minister Lutfi pointed out that President Jokowi had welcomed the US initiative through the Indo-Pacific Economic Framework (IPEF).

“The president wants synergy between IPEF and the establishment of priority cooperation in the AOIP (ASEAN Outlook on the Indo-Pacific),” he said.

The Commerce Minister said President Joko Widodo plans to host the Indo-Pacific Infrastructure Forum when Indonesia takes over as ASAN chair next year.

“Mr. President hopes for the participation of the United States in the forum”, declared the Minister of Commerce.

Following the directives of President Joko Widodo, the Minister of Commerce will hold the Special Meeting of ASEAN Economic Ministers (AEM) in Bali on May 17-18, 2022.




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