INDONESIAUPDATES.COM, News En – In response to the growing global economic challenges, President Prabowo Subianto is taking swift action to safeguard Indonesia’s economic stability. During a press conference at the Presidential Palace in Jakarta on Monday, April 28, 2025, Coordinating Minister for Economic Affairs Airlangga Hartarto announced that President Prabowo has approved the formation of three new economic task forces. These task forces are designed to address critical issues such as the United States’ import tariff policy, known as the Trump tariff, as well as the wave of layoffs impacting the domestic job market.

Three Key Task Forces to Address Economic Pressures

Trade, Investment, and Economic Security Negotiations Task Force The first task force will focus on negotiations related to trade, investment, and economic security, with an emphasis on addressing the U.S. import tariff policy. The task force’s mission is to accelerate dialogue with the United States and ensure that Indonesian products are not unfairly burdened by tariffs. The goal is to achieve parity in tariff rates, ensuring Indonesia’s tariffs are comparable to those of competing nations like Vietnam and Bangladesh.
Job Opportunity Expansion and Layoff Mitigation Task Force With the ongoing threat of layoffs and their potential impact on socio-economic stability, this task force will focus on mitigating job losses and creating new employment opportunities across various sectors. The task force aims to devise concrete solutions that will maintain and expand job opportunities, safeguarding the livelihoods of Indonesians during challenging economic times.
Policy Deregulation Task Force for Investment Climate The third task force is dedicated to improving Indonesia’s investment climate. Its primary focus will be on regulatory reform, making it easier for businesses to start and grow in Indonesia. This includes accelerating business licensing processes and addressing obstacles that hinder economic growth. The goal is to create an environment that attracts foreign and domestic investment, driving economic development.

Focused Efforts Amid Global Pressures

The formation of these task forces reflects President Prabowo’s proactive approach to Indonesia’s economic challenges, including global protectionism, unemployment, and investment barriers. While details on the specific members of the task forces have not been disclosed, it is clear that these bodies will play a crucial role in helping the government respond to global economic pressures and maintain Indonesia’s competitiveness on the world stage.

A Coordinated Approach for Long-Term Growth

President Prabowo’s leadership is marked by a commitment to addressing both immediate and long-term economic issues. With these task forces in place, Indonesia is positioned to navigate the current global economic turbulence, strengthen its economic foundation, and continue advancing toward sustainable, long-term growth.

FAQ on Prabowo Subianto’s Economic Task Forces

1. What are the three task forces formed by President Prabowo?
President Prabowo has formed three task forces to address global economic challenges. These are:

Trade, Investment, and Economic Security Negotiations Task Force
Job Opportunity Expansion and Layoff Mitigation Task Force
Policy Deregulation Task Force for Investment Climate

2. What is the purpose of the Trade, Investment, and Economic Security Negotiations Task Force?
This task force will focus on negotiating with the United States to address tariffs imposed on Indonesian products and ensure tariff equality between Indonesia and other countries like Vietnam and Bangladesh.

3. How will the Job Opportunity Expansion and Layoff Mitigation Task Force help Indonesia?
This task force will create solutions to mitigate the impact of layoffs and expand job opportunities across various sectors, helping to maintain socio-economic stability.

4. What is the role of the Policy Deregulation Task Force for Investment Climate?
The task force will focus on improving Indonesia’s investment climate by accelerating business licensing and implementing regulatory reforms that facilitate business growth and attract investment.

5. When were these task forces approved by President Prabowo?
The formation of the task forces was approved on April 28, 2025, during a press conference at the Presidential Palace in Jakarta.

6. Who will be involved in these task forces?
The specific members of the task forces have not been disclosed yet, but it is expected that key government officials and experts will be part of these teams.

7. How will these task forces address global economic challenges?
These task forces will focus on mitigating the impact of global protectionism, improving employment opportunities, and fostering a better investment climate to ensure Indonesia remains competitive on the global stage.

8. What is the expected outcome of these task forces?
The task forces aim to maintain Indonesia’s economic competitiveness, mitigate job losses, improve the investment climate, and foster long-term sustainable growth.

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