Anindya Bakrie: Indonesia Must Brace for Global Economic Shocks

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Kamis, 26 Juni 2025 - 19:37 WIB

Jakarta, VIVA – Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Novyan Bakrie, has spoken out about the current of Indonesia’s economy amid rising global tensions, including the ongoing U.S. trade measures and the geopolitical conflict between Iran and Israel.

Bakrie emphasized the importance of vigilance and resilience in Indonesia’s economic approach.

“Amid the ongoing trade war and growing geopolitical tensions, particularly the conflict between Israel and Iran, it’s crucial for us to stay alert and prepared,” he said on Wednesday (June 25).

Bakrie pointed to the recent changes in U.S. trade tariffs affecting Indonesia as part of the broader challenges currently facing the global economy.

He also highlighted Indonesia’s strategic positioning as the world’s largest Muslim-majority nation, something that adds diplomatic weight to its stance in global affairs, including the Middle East.

“In today’s global trade map, Indonesia is actively opening up trade routes with various partners—including China and Russia,” he explained.

He also revealed that President Prabowo Subianto is expected to attend the upcoming BRICS summit in July, which will bring together leaders from Brazil, Russia, India, China, and South Africa.

“As a sovereign and independent nation striving for prosperity, Indonesia must pursue a free and active foreign policy by exploring every opportunity for trade and investment,” Bakrie stated.

On the domestic front, he reiterated Indonesia’s commitment to key national programs, including free nutritious meals, the Red and White Cooperative initiative, and affordable housing schemes.

“The role of the private sector is vital in supporting the government’s mission, working alongside state-owned enterprises and national investment bodies like Danantara. Collaboration is key,” he added.

Bakrie emphasized Indonesia’s longstanding preference for diplomacy in addressing international affairs. He noted that the country must remain flexible and ready for all possible scenarios—particularly given the volatility of global oil prices.

“Oil prices aren’t only driven by supply and demand—they're also shaped by future expectations. While tensions in the Middle East appear to have cooled for now, the situation could change at any moment. Indonesia must be ready,” he warned.

Despite the challenges, Bakrie expressed confidence in Indonesia’s economic fundamentals.

“Our trade balance remains in surplus every year, which helps strengthen our foreign reserves. At the same time, we’re advancing key initiatives in electrification, biofuels, and broader economic resilience strategies,” he conveyed.

He added: “In the short term, we must remain calm and focus on our domestic industries and economy. Hopefully, the global situation will stabilize soon."