Illustrative photo (Photo: bnnbreaking.com)Jakarta (VNA) – Indonesia aims to further reduce logistics costs to 8% of gross domestic product (GDP) by 2045, from 14.29% in 2022, Coordinating Minister on Economic Affairs Airlangga Hartarto said on February 22. To increase the efficiency of national logistics, Airlangga said the Indonesian government will implement regulations including the establishment of the National Logistics Ecosystem (NLE) to promote collaboration in information systems between government agencies and companies. According to the minister, to enhance business efficiency, it is important to align national logistics management to achieve the target of reducing logistics costs by 2045 regarding the conditions and dynamics in both global and domestic markets. Previously, President Joko Widodo also mentioned the high logistics costs in Indonesia as a decade ago, its logistics costs accounted for 24% of GDP, compared to 9-12% in other countries. Indonesia's logistics costs have decreased to 14%, but still higher than those of other countries./.

Source: Viet Nam News February 23, 2024 17:55 UTC