Business News
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…
Indonesia-Canada CEPA: Gateway to North American Markets
The Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) is set to enhance Indonesia's access to North American markets, according to Trade Minister Budi Santoso. Following a bilateral meeting with Canada’s Minister of Export Promotion, International Trade, and Economic Development, Mary Ng, on December 2, 2024, in Jakarta, Minister Budi emphasized ICA-CEPA's…
Investment Commitment in 41 National Industrial Areas Reaches IDR 2,785 Trillion by 2039
The Indonesian government is accelerating the development of National Strategic Projects (PSN) in industrial zones to drive economic growth and resource-based industrialization. As stipulated in Coordinating Ministerial Regulation No. 7/2021 and its amendment in No. 12/2024, 41 PSN industrial projects are projected to secure a total investment of IDR 2,785…
