Business News
Ministry of Cooperatives Coordinates with Ministry of Trade to Evaluate Milk Import Regulations
Minister of Cooperatives Budi Arie Setiadi has announced plans to coordinate with the Ministry of Trade to review import regulations for milk, following issues with domestic milk oversupply that have gone unabsorbed by processing factories. Speaking at a press conference in Jakarta on Monday, Budi Arie highlighted that approximately 80%…
Indonesia and Japan Launch Mutual Recognition Arrangement for Global Carbon Trade
The governments of Indonesia and Japan have officially launched a Mutual Recognition Arrangement (MRA) for bilateral carbon trading, marking the first inter-country collaboration under Article 6.2 of the Paris Agreement. Announced at the Indonesia Pavilion during COP29 UNFCCC in Baku, Azerbaijan, on November 12, 2024, this agreement is a strategic…
U.S. Backs Indonesia's OECD Accession Efforts
The President of the United States, Joe Biden, has expressed support for Indonesia’s accelerated application to join the Organisation for Economic Cooperation and Development (OECD). This commitment was highlighted in a Joint Statement by President Biden and Indonesian President Prabowo Subianto, published on the White House website on Tuesday, November…
Indonesia and U.S. Agree to Accelerate Clean Energy Transition Through JETP Initiative
Indonesia and the United States (U.S.) have committed to deepening their collaboration to accelerate the clean energy transition, notably through the Just Energy Transition Partnership (JETP). The agreement was reached during a meeting between President Prabowo Subianto and U.S. President Joe Biden. According to a White House statement marking the…
