Business News
Ministry of Industry Reveals Potential of Essential Oils, Export Value Reaches USD 259.54 Million
The Ministry of Industry (Kemenperin) is encouraging the development of the essential oil industry, which holds significant potential in Indonesia. This is because, of the 97 known essential oil plant species worldwide, approximately 40 thrive in Indonesia. The Inspector General of the Ministry of Industry, M. Rum, revealed that of…
Indonesia- EU CEPA Opens Opportunities from Agriculture to Automotive Sectors
President Ursula von der Leyen of the European Commission stated that the Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and the European Union will unlock substantial economic opportunities across key sectors, including agriculture, automotive, and services. She emphasized that the agreement strengthens critical raw material supply chains crucial for energy…
Indonesia-Eurasia Cooperation Seen as Key to Export Diversification
Indonesia’s collaboration with the Eurasian Economic Union (EAEU) is being positioned as a critical step toward diversifying the country’s export markets beyond traditional destinations. The partnership, which is still under negotiation, is expected to open access to new customer bases and reduce dependence on established markets such as China and…
Indonesia's Essential Oil Exports Reach 8th Place in the World
Indonesia has emerged as the 8th largest exporter of essential oils globally, contributing 4.12% to the international market. With 40 out of the world's 97 known essential oil plants growing in its diverse ecosystems, and 25 already cultivated commercially, Indonesia has solid potential in this industry. In 2024, the country…
