Business News

When Import-Substitution Makes a Comeback

In Indonesia, import substitution policies are showing signs of making a comeback. In recent years the country has appeared committed to outward-looking free-trade agreements. ASEAN countries, through the founding pacts of the ASEAN Economic Community (AEC), have secured significant tariff reductions across member states. Indonesia has also been among the…

Embassy of the Republic of Indonesia Supports the Export Upgrade of Gayo Coffee in Italy through Business Matching in "International Gayo Arabica Coffee Week"

The Embassy of the Republic of Indonesia participated in the series "International Gayo Arabica Coffee Celebration Week" on 17 – 25 September 2020 organized by the Ministry of Trade, Ministry of Law and Human Rights in collaboration with the Gayo Coffee Patron Society (MPKG) and ARISE Plus Indonesia. The series…

Govt to Proceed with Logistics System Reform Amid High Costs

The government is going ahead with the plan to implement the so-called National Logistics Ecosystem (NLE) platform, expected to cut red-tape, reduce high logistics costs and boost the country’s competitiveness, a senior minister has said. The platform is expected to reduce logistics costs from the current 23.5 percent of the…

Ministry of Finance Responsible for Import Duty for Companies Affected by Corona

The Ministry of Finance (Kemenkeu) provides incentives for the import of goods and materials for the production process of materials to produce certain goods and/or services sectors affected by the covid-19 pandemic. The incentive is in the form of import duty facilities borne by the government. This is contained in…
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