Business News
Supporting MSMEs and the Proudly Made in Indonesia Program, the Ministry of Trade Contributes to the Success of ISF 2024
The Ministry of Trade supports the Indonesia Shopping Festival (ISF) from August 8-19, 2024, aiming to boost consumer spending, promote MSME products, and advance the Proudly Made in Indonesia (BBI) program. Initiated by the Indonesian Shopping Center Management Association (APPBI), ISF 2024 celebrates the 79th Anniversary of Indonesia and will…
Indonesia's Medicinal Plant Exports Reach Tens of Millions of USD
The Ministry of Agriculture (Kementan) highlighted the significant export potential for medicinal plants, with exports exceeding USD 90 million, or IDR 1.468 trillion, in 2023. "The potential is extraordinary. Indonesia is known as the 'Mother of Spices' for being the most dominant spice producer in Southeast Asia," said the Director…
Indonesia Initiates Free Trade Agreement Negotiations to Boost Coffee and Palm Oil Exports to the Middle East
Indonesia has officially launched negotiations for a free trade agreement with the Gulf Cooperation Council (GCC) countries, aiming to enhance the market presence of its palm oil, coffee, and other key commodities in the Middle East. The initiation of the Indonesia-GCC Free Trade Agreement (IGCC-FTA) was marked by the signing…
Indonesian Sports Shoe Exports Reach USD 1.86 Billion by May 2024
Minister of Industry Agus Gumiwang Kartasasmita highlighted the significant contribution of the sports shoe industry to Indonesia's national exports. Speaking at the Indonesia Sport and Active Wear (ISAW) 2024 exhibition in Jakarta on 31 July, Agus announced that exports from the sports shoe industry reached USD 1.86 billion from January…
