Indonesia Embraces GCEL’s Digital Economy Platform to Unleash a New USD 20 Trillion Digital Services Industry by 2035, Nearly 10 Times the Size of the Current Oil and Gold Production Combined
Summary
Jusuf Kalla congratulated the Global Coalition for Efficient Logistics (GCEL) and the Indonesia Chamber of Commerce (KADIN) for the recent execution of MOUs at the Indonesia Stock Exchange between GCEL, KADIN and Bukalapak, Indonesia’s largest e-commerce firm, and Kresna Finance and Insurance with the aim to fast track the deployment of GCEL’s Digital Economy Platform. Indonesias public and private sectors are actively engaged in the development of the Digital Economy to support inclusive sustainable economic growth. GCEL’s Co-Chairman Captain Samuel Salloum highlighted the assessment’s findings, “Indonesia’s deployment of new digital B2B marketplace tools can reduce its annual excess trade costs by USD 140 billion, increase trade by USD 46 billon and create nearly 12 million jobs. As signified by the MOUs signed by Bukalapak and Kresna, Indonesia can grow its finance, insurance and e-commerce services by almost USD 500 billion. Globally, these services can increase nearly USD 20 trillion by 2035.” The MOU signatories desire to support the G20 Leaders’ Digital Economy Policy directive and achieve Indonesia’s economic objectives through the deployment of the Digital Economy Platform via the Asia Benchmark Trade Lane Program, a tangible economic development program that will improve operating efficiency and economic prosperity, especially benefitting SMEs.