VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Minister of cooperative and small and medium enterprises of Indonesia, Teten masduki during his speech on Diplomatic Forum - 

Micro, Small and Medium enterprises or MSME has been contributing 61 percent of Indonesia’s gross domestic product and become the backbone of the national economy for many years including during the pandemic. During the Diplomatic Forum event with the theme “MSME as the agent transformation for Bali’s Economy” held by Voice of Indonesia on Wednesday in Bali, The Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki explain that to revive the MSME back on track, Indonesian government through the G20 presidency that will be held in Bali also highlight Indonesian MSME’s product that is expected will boost 8.74 trillion rupiah for Indonesian GDP.

"Contributing to our country GDP of 61 percent equivalent 8.5 Trillion Rupiah SME’s are the backbone of Indonesian economy. Sure enough SME in Bali also make an extensive contribution as one of the leading tourism center in Indonesia and so when covid-19 hit SME in Bali are the one that got the most terrible impact. Ministry of cooperative and SME are making prior attempt to revive Bali’s economy for instant Indonesia will host G20 high level conference which will occur in Bali on November. It is expected to boost domestic consumption by 1,7 Trillion Rupiah and 8,74 Trillion Rupiah Indonesian GDP", Teten said. 

Minister Teten Masduki added that Indonesia’s SME has an opportunity to showcased the products during the G20 main event. The ministry also have the Nusa Dua market in Bali which will function SME exposition center prior to G20 summit. It is time for Bali to visit the world and transfer their transaction into digital format, this will also be supported by the cooperative and small and medium enterprises ministry. The minister also hope that this Diplomatic forum discussion will give positive impact and take SME to the next level// VOI