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Encouraging Exports of Agricultural and Forestry Products, Policy Relaxation Enacted

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Exports of various types of non-oil and gas products, including agricultural and forestry products, which are Indonesia’s main export products after mineral fuels, fats and oils, iron and steel, metal ores, and footwear are currently being boosted by the government.

As sourced from the Ministry of Trade, Jerry Sambuaga as Deputy Minister of Trade, mentioned this during his working visit to CV Sono Putro, Klaten, Central Java. In order to boost export performance, the Ministry of Trade has taken several strategic steps, including providing policy relaxation for this type of product.

The Vice Minister of Trade emphasized the importance of efforts to increase exports, especially of agricultural and forestry products, by relevant stakeholders. Thus, policy relaxation will be applied as a solution.

“In the future, efforts to increase exports, especially for agricultural and forestry products, need to be carried out in a sustainable manner by relevant stakeholders, bearing in mind that the characteristics of Indonesian agricultural and forestry products receive special attention from the international market,” concluded the Vice Minister of Trade.

Policy for export

The Ministry of Trade has issued regulations related to verification or technical tracing in foreign trade and export policies and regulations in the forestry industry.

For wood products S4S (surfaced on 4 sides), E2E (easy 2 edges), and E4 (easy 4 edges), relaxation of cross-sectional areas is applied from 15 July 2023 to 14 July 2024. The maximum cross-sectional area that can be exported previously was 10,000 mm² , but now it is 15,000 mm². In addition, facilitation of subsidized financing for the management of Surveyor Reports (LS) for small and micro enterprises (UKM) is also provided.

Regarding forestry industry products to be exported, verification or technical tracing must be carried out by an independent surveyor appointed by the Minister of Trade. PT Sucofindo is commended as a surveyor who carries out technical verification and tracing for the issuance of Surveyor Reports (LS), to ensure that the products exported comply with the applicable technical criteria.

The main export destination countries for Indonesia’s forestry industry products include China, the United States, India, Japan, South Korea, Malaysia, Australia, Vietnam, Taiwan and the Philippines.

Improving export performance must be carried out seriously, precisely, and systematically through strengthening export facilitation and information which includes export promotion, business matching, and strengthening trade in export destination countries. Trade representatives in various countries can be empowered to promote Indonesia’s export commodities.

New Capital Authority to Develop One-Stop-Shop for Investors

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President Joko Widodo has directed that an integrated one-stop-shop system be developed to support investors participating in Nusantara city’s development, according to the Nusantara Capital Authority (OIKN). OIKN Head Bambang Susantono said the one-stop-shop system must be developed to accelerate the processing of permits for the new capital’s development and to ensure that it is consistent with on-site conditions and prevailing laws. “It has been decided that (to address) investment issues, we have been asked to set up a one-stop shop system where other ministries and institutions will be included there,” Susantono informed at a press conference at the Presidential Palace Complex … Continue reading →

3 Days in Germany, RI Pocketed 27 Business Deals Worth Nearly IDR 28 Trillion

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After visiting Germany for three days, Indonesian President Joko Widodo (Jokowi) managed to secure 27 business deals with an investment value of US$1.98 billion or Rp.27.9 trillion. This good news was stated directly by the Coordinating Minister for the Economy Airlangga Hartarto when opening the Indonesian Pavilion at Hannover Messe. Of the total cooperation that was successfully bagged, 1 of them was in the form of intergovernmental agreements (Government to Government/G2G), 4 agreements between the government and business actors (G2B), while 22 others were agreements between companies (B2B). According to Airlangga, this cooperation can absorb up to 18,000 workers. In this biggest … Continue reading →

Indonesia’s Military Strength Soars to 13th in the World Ranking, Dropping Egypt and Iran

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It seems that the capability of the Indonesian military forces cannot be underestimated. Based on the 2023 World Military Strength Index released by Global Firepower, Indonesia is ranked 13th with a score of 0.2221, up two levels compared to last year’s 15th position. position 14 to 17. In addition, Indonesia should be proud because the country’s military strength is still ranked first in Southeast Asia. The title of strongest military in the world this year is still held by the superpower, the United States with a PwrIndx score of 0.0712, followed by Russia (0.0714), China (0.722), and India (0.1025). These four countries have never … Continue reading →