Business News
Indonesia's Election as UNWTO Executive Council to Boost Tourism Potential
Indonesia has been elected as a member of the Executive Council of the United Nations World Tourism Organization (UNWTO) for the 2023-2027 term. The successful election took place during the 55th Meeting of the UNWTO Commission for East Asia and The Pacific in Phnom Penh, Cambodia. Alongside Indonesia, China, South…
Government Encourages the Development of Closed Loop Horticulture Agribusiness Partnership to Create Synergy Between Upstream and Downstream Sectors
The government is committed to strengthening food security and improving the welfare of farmers through the closed-loop integrated horticulture agribusiness model. This model is promoted by the Coordinating Ministry for Economic Affairs through various channels, emphasizing the collaboration of all stakeholders in the agricultural sector to create a competitive and…
Pacitan's Gemstone Craftsmanship Penetrates Export Market
The jewelry craft industry in Pacitan, East Java, has gained popularity among buyers, both locally and internationally. Istianah, the owner of OG Jewelry Pacitan, shared that their handmade gemstone jewelry has a growing demand. They produce up to 100 pieces per month and sell their products not only throughout Indonesia…
EU Aims to Conclude CEPA Negotiations with Indonesia This Year
European Union (EU) aims to conclude the Comprehensive Economic Partnership Agreement (CEPA) negotiations with Indonesia this year. Bernd Lange, Chair of the European Parliament's International Trade Committee, expressed optimism that the IEU-CEPA could be completed in 2023 through accelerated negotiation efforts from both sides. Having completed 14 rounds of negotiations…
