Business News
The Ministry of Trade and HIMKI Launch IFEX 2026 to Boost Indonesian Furniture and Handicraft Exports
On 21 May 2025, the Ministry of Trade, in collaboration with the Indonesian Furniture and Handicraft Industry Association (HIMKI), launched the Indonesia International Furniture Expo (IFEX) 2026 in Jakarta. IFEX 2026 is scheduled to take place from 5-8 March 2026 at the Indonesia Convention Exhibition (ICE) BSD City in Tangerang,…
Furniture Exports to the United States Reach IDR 27 Trillion, Indonesia Proposes Tariff Removal
The Ministry of Trade recorded total furniture exports to the United States worth USD 1.64 billion, equivalent to IDR 27 trillion (exchange rate IDR 16,405), with a market share in this sector of 5.57%. The Ministry of Trade has been negotiating with the United States to remove reciprocal tariffs on…
Coordinating Minister for Economic Affairs Airlangga Encourages ASEAN to Strengthen Synergy in the Green and Sustainable Iron and Steel Industry
The April 2025 edition of the IMF's World Economic Outlook report projects global economic growth in 2025 at 2.8%, decreasing by 0.5% from the previous projection due to ongoing global economic strain. However, in the Q1 of 2025, Indonesia's economy grew by 4.87%, with growth across most business sectors. The…
Indonesia’s Exports to Hong Kong Projected to Reach USD 3.9 Billion by 2045
The Ministry of Trade projects Indonesia’s exports to the Hong Kong Special Administrative Region (SAR) of China to reach USD 3.9 billion by 2045, driven by the First Protocol to Amend the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA). Trade Minister Budi Santoso stated in Jakarta that the protocol is…
