Business News
Indonesia Benefits from 0% Tariff Exports: From Biscuits to Spare Parts, Indonesia is Ready to Increase Exports to the Canadian Market
Indonesia is set to enjoy significant benefits from the implementation of the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA), particularly through the elimination of import tariffs. Under this agreement, as many as 5,441 Indonesian products will gradually receive 0% tariffs when entering the Canadian market. This development opens wide opportunities for…
Indonesia and Verra Move to Align Carbon Trading Mechanisms
The Ministry of Environment and Forestry (KLHK) and the Environmental Fund Management Agency (BPDLH) are preparing to finalise a Mutual Recognition Agreement (MRA) with Verra, a leading global carbon standard body, expected to be signed in early October 2025. According to Erna Susilawati from KLHK, the MRA document is in…
Indonesia Launches Mega Rice Project in Papua to Secure Food Supply
Indonesia has begun cultivating 481,000 hectares of rice fields in Merauke, Papua, as part of a national strategy to establish the region as a food granary. Coordinating Minister for Food Affairs Zulkifli Hasan said on Monday that the project, based in Wanam, will utilise nearly 1 million hectares of swamp…
Indonesia to Ease Export Tariff Cuts Through Automatic System
Indonesia is developing a new system to simplify access for local businesses to benefit from preferential tariffs under its trade agreements. Trade Minister Budi Santoso said that despite Jakarta securing dozens of tariff-cutting deals, utilisation remains at just 60–70%. The new mechanism will issue automatic preferential certificates of origin (COOs),…
