Indonesia and International Trade
Indonesia is an archipelago i.e. A group of islands that stretches along the equator between the Southeast Asian mainland and Papua New Guinea. The country controls important shipping lanes from the Indian Ocean to the Pacific Ocean. The strategic sea-lane location of the Indonesian archipelago has been an important facilitator of inter-island and international trade.
There are several aspects of international trade in Indonesia this include; the trade organizations Indonesia is part of. Indonesia has made efforts to promote its trade and international trade relations through membership of APEC, ASEAN, WTO and G-20 all this are international trade organizations that facilitate international trade between Indonesia and other countries in the world (Stanley St. Labs, 2010).
Another aspect is the commodity composition of international trade. The exports in Indonesia are mainly low technology goods and natural resource-based products. Indonesia has a number of industrial sectors that enable the country to take part in international trade this include the agriculture sector that is a great contributor to the country's GDP as well as employment sector. It boasts as one of the largest rubber producers in the world, its other major crops such as coffee, tea spice, palm oil. The country has exploitable timber lands and mainly exports timber.
The major export commodities are oil and gas where Indonesia is termed as the world's largest exporter of liquefied natural...
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