Indonesia: KKP reveals steps to safeguard the fisheries sector from recession threats

Published Feb 22, 2023

Tridge summary

Indonesia's Ministry of Maritime Affairs and Fisheries is implementing strategies to safeguard the fisheries sector from a potential global recession. This includes focusing on the domestic market and international cooperation to import Indonesian fishery products. The ministry will also prioritize technology in marketing these products. Amidst challenges like high inflation in destination countries and potential financing difficulties, the ministry sees opportunities for growth in the domestic market. The government also supports MSMEs in the sector with capital assistance and banking solutions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - The Ministry of Maritime Affairs and Fisheries (KKP) has introduced a number of strategies to ensure the fisheries sector is safe from the threat of a global recession. Among others by optimizing the domestic fishery market and establishing cooperation with other countries that have the opportunity to become importers of Indonesian fishery products. Special Assistant to the Minister of Maritime Affairs and Fisheries for Media and Public Communication Doni Ismanto said a strategy to strengthen markets at home and abroad was needed to keep the fisheries sector alive. It even grew even though the global situation was difficult due to various factors. "This year has been full of challenges and uncertainties. For this reason, we at the Ministry of Maritime Affairs and Fisheries, according to the Minister's direction, are preparing special strategies to ensure that the fisheries sector remains safe and can even grow," said Doni in a written statement, Tuesday ...

Source: Cnbcindonesia