Business News
Prospects for Indonesian Palm-Based Biodiesel Exports Brighten as EU Doors Reopen
Despite Indonesia’s steadfast focus on meeting domestic energy needs through the mandatory B40 biodiesel blending program, recent developments have reignited export opportunities to the European Union. A favorable ruling by the World Trade Organization (WTO) ruled against Europe’s countervailing duties, granting Indonesia tariff-free access to the EU biodiesel market. Bloomberg…
Indonesia-Albania Trade Update: Animal Fat Exports Decline After Steady Growth
Indonesia's exports of animal fats and oils including edible fats and related derivatives to Albania fell to USD 4.4 million in 2023. This marks a 6.3% decline from the previous year's USD 4.7 million, signaling a downward trend in a category that had shown steady growth over the past decade.Despite…
Indonesia’s Foreign Ministry Champions Global Expansion of Halal Products
Acting Director for Southeast Asia at Indonesia’s Ministry of Foreign Affairs, Dewi Justicia Meidiwaty, emphasized that growing global awareness of halal products has positioned Indonesia to take a leading role in the trillion-dollar global halal industry. Speaking at the “Halal Indonesia Go Regional” forum in Surabaya, Meidiwaty highlighted that Indonesia's…
Indonesia and Saudi Arabia to Enhance Trade Cooperation
Indonesia and Saudi Arabia are poised to strengthen their trade ties following a virtual meeting between Indonesia’s Trade Minister Budi Santoso (“Busan”) and Saudi Arabia’s Trade Minister Majid bin Abdullah Al-Kassabi. In 2024, bilateral trade reached approximately US$6.6 billion—Indonesia exported goods worth US$2.6 billion, while imports stood at US$4.4 billion.…
