VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Ministry of Cooperatives and Micro Small Medium Businesses (MSMEs) signed a Memorandum of Understanding -MoU with the Business Competition Supervisory Commission (KPPU) on Coordination of Duty and Authority Implementation in Partnership Supervision on Monday (26/7). The scope of the MoU includes task force formation, data and information exchange, expert support, coordination, advocation, information dissemination, and other activities agreed by both sides.

On the occasion, Minister of Cooperatives and MSMEs, Teten Masduki said that based on the Micro and Small Industries Survey by the Statistics Indonesia (BPS), 93 percent of the MSMEs in Indonesia do not establish partnership with big companies. To develop further, MSMEs actually need to partner with big companies. He also warned about MSMEs being "devoured" by big companies.

Minister Teten Masduki added that Indonesian MSMEs often lose the competition online and offline because they lack of production capacity and competitiveness values. Therefore, the ministry will prepare Indonesian MSMEs to join in the supply chain concept.

He further remarked that Indonesian MSMEs can follow the MSMEs abroad so that their products are not always chips, crackers, and dodol but shifting into industrial components, such as products of automotive, and electronics.

Minister Teten hopes that the ministry's cooperation with the Business Competition Supervisory Commission can be used to provide education for MSMEs partnering with big companies in creating a healthy competition and encouraging national economic restoration.