Slower growth in exports expected: Minister

The country's non-oil and gas exports may grow at a slower pace of 14.5% this year compared to the 16-16.5% pace estimated for last year amid weaker global demand, Trade Minister Mari Pangestu said Friday (4/1/08), Thomson Financial reported.

The ministry had previously projected non-oil and gas exports would grow 14-18% this year from $93 billion estimated for 2007.

Commodities that will drive export growth include copper, coal, nickel, crude palm oil (CPO), rubber, cocoa and electronic machinery and equipment, Pangestu said.

Demand from China, India and some neighboring countries may help offset expected weaker demand from the US, she said.
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