#International Trade
Muhammad Lutfi
Muhammad Lutfi was born in 1969 in Jakarta to a husband and wife, Firdaus Wadjidi and Suhartini. He is the current Minister of Trade. In his youth he was educated at Purdue University, Indiana, United States and graduated from the university in 1992. There he met with Erick Thohir and Sandiaga Uno.
Govt targets US$18.84 B in MSME exports by 2025 via inter-ministerial collaboration
The Ministry of Trade is targeting exports of micro, small and medium enterprises (MSMEs) to 33 countries to reach US$18.84 billion (Rp306.52 trillion) in 2025, a 12.54 percent incfrease from 2024.
Trade surplus strengthens economic resilience: BI
The Indonesian Central Bank (BI) has assessed that the trade balance surplus in November 2024 was positive to support the external resilience of the Indonesian economy.
Mayora explores and attempts expansion of its market to Nigeria
PT Mayora Indah Tbk (MYOR) is trying to explore and expand its market to Nigeria, West Africa, through Mayora Nigeria Ltd.
Government prepares incentives for exporters in relation to new foreign exchange policy
Following the recent policy on mandatory deposit of foreign exchange originated from export, the government is planning to provide more appealing incentives for exporters who complied with the policy.
Indonesia, Malaysia, and EU establish an ad hoc Joint Task Force to discuss further implementation of the EU Deforestation Regulation
Indonesia, Malaysia, and the European Union (EU) have reached an agreement to establish an Ad Hoc Joint Task Force (JTF) concerning the European Union Deforestation Regulation (EUDR). This agreement was reached after the three parties held a meeting in Jakarta on Friday, August 4, 2023.
Indonesia threatens to shift dairy import from EU to Australia
Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan, has issued a warning of potentially redirecting dairy imports from the European Union (EU) to other countries like Australia.
Government imposes tax on purchases made through social commerce platform, such as TikTok
The government is planning to impose taxes on transactions conducted in social commerce. This measure follows the revision of Trade Minister Regulation (Permendag) No. 50 of 2020 concerning Electronic Commerce (PMSE), which will include provisions for taxing purchases made in social commerce platforms such as TikTok.
Minister Erick Thohir inaugurates SOEs joint office in Hong Kong as Indonesian Business Hub
Minister of State-Owned Enterprises (SOE), Erick Thohir, is set to launch Indonesia Incorporated (Inc). This reflects the commitment from the beginning to continuously drive state-owned enterprises to go global.