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Indonesia names former investment chief Muhammad Lutfi as trade minister

Published on Feb 12, 2014 12:51 PM

JAKARTA (REUTERS) - Indonesia named the US-educated former head of its investment agency, Muhammad Lutfi, as trade minister on Wednesday, with the government entering its last few months before a presidential election set for July.

Mr Lutfi replaces Mr Gita Wirjawan who stepped down last month to focus on his campaign to become the presidential candidate for the ruling Democratic Party.

"My priorities will be one, to stabilise prices and reduce inflation ... and two, to boost exports," he told reporters. "Stabilising prices is very important and we will tackle that by ensuring the transportation and distribution system works smoothly without disruptions due to weather conditions."

There are concerns that high inflation could be returning because of the impact of heavy rains this year.

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