Business News
BPS: Exports and Imports in Maluku Increased in October 2024
Exports from Maluku in October 2024 reached USD 8.15 million, marking an increase of approximately 32.16% compared to September 2024. However, cumulatively, the value of exports from January to October 2024 totaled USD 49.19 million, which represents a decline of about 11.27% compared to the same period in 2023. According…
Indonesia, Canada Sign Comprehensive Economic Partnership Agreement
On Monday (Dec 2, 2024), Indonesia and Canada signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at strengthening the economic relations between the two G20 member countries. The agreement comes three years after the initiation of negotiations and is set to take effect in 2026. The signing ceremony took place…
Ministry of Foreign Affairs to Establish Directorate General of Economic Relations and Development Cooperation
The Ministry of Foreign Affairs (Kemenlu) will establish a new directorate general called the Directorate General of Economic Relations and Development Cooperation. This was announced by Foreign Minister Retno Marsudi during a working meeting with Commission I of the Indonesian Parliament (DPR RI) at the Parliamentary Complex in Senayan, Jakarta,…
Indonesian Textile and Palm Oil Products to Gain Duty-Free Access
Indonesia and Canada have concluded substantive negotiations for the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA), set to take effect in 2026. Minister of Trade Budi Santoso highlighted the key benefits for Indonesia, including tariff liberalization on 90.5% of goods exported to Canada, valued at USD 1.4 billion. Priority products benefiting…
