Business News
Indonesian Palm Oil Now Tariff-Free to Europe: Major Momentum Post-IEU-CEPA
A historic achievement was achieved following the signing of the Indonesia-European Union trade agreement (IEU-CEPA), which provides tariff-free or zero percent access for crude palm oil (CPO) exports to the European market. Coordinating Minister for Economic Affairs Airlangga Hartarto explained that almost all Indonesian commodities, including palm oil, will receive…
Leading Commodities Become the Mainstay of Exports, National Foreign Exchange Increases
According to the latest data, commodities such as palm oil, rubber, coffee, cocoa, and nickel will once again become the backbone of Indonesian exports in 2025. Palm oil and its derivatives dominate volume, followed by nickel, which is currently enjoying a surge in global demand thanks to the transition to…
Indonesian Instant Noodle Exports to Canada Soar 75%
Indonesian instant noodle exports to Canada recorded a significant increase in 2024, with growth of approximately 75% compared to the previous year. According to data from the Indonesian Embassy in Ottawa, the export value reached USD 4.94 million, or approximately IDR 79.6 billion, up from USD 2.82 million in 2023.…
IP-CEPA Comes into Effect, Trade with Peru Targeted to Reach IDR 15.6 Trillion
The Indonesia–Peru Comprehensive Economic Partnership Agreement (IP-CEPA) has officially taken effect. Minister of Trade Budi Santoso aims for bilateral trade to reach USD 960 million (around IDR 15.65 trillion), doubling the 2024 figure of USD 480.7 million. Last year, Indonesia exported goods worth USD 331.2 million to Peru and imported…
