Ministry of Trade Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/ministry-of-trade/ Latest business news media headlines platform today | Lets talk Business Thu, 22 May 2025 10:23:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png Ministry of Trade Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/ministry-of-trade/ 32 32 Boosting Indonesian furniture and craft exports, Trade Ministry and HIMKI launch IFEX 2026 https://heaptalk.com/events/boosting-indonesian-furniture-and-craft-exports-trade-ministry-and-himki-launch-ifex-2026/ Thu, 22 May 2025 10:23:04 +0000 https://heaptalk.com/?p=48186 Heaptalk, Jakarta — The Ministry of Trade, in collaboration with the Indonesian Furniture and Craft Industry Association (HIMKI), officially launched the Indonesia International Furniture Expo (IFEX) 2026 on Wednesday (05/21) at the Ministry of Trade office in Jakarta. IFEX 2026 will occur from March 5-8, 2026, at the Indonesia Convention Exhibition (ICE) BSD City in […]

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]]> Indonesia to impose export tax on coconut shipments https://heaptalk.com/govact/indonesia-to-impose-export-tax-on-coconut-shipments/ Wed, 21 May 2025 05:03:49 +0000 https://heaptalk.com/?p=48114 Heaptalk, Jakarta — Trade Minister Budi Santoso announced that the government is preparing a policy to impose an export levy on whole coconut shipments. The high volume of exports of this key ingredient for coconut milk has led to domestic shortages, driving up local market prices. “There have been many complaints about coconuts being exported, […]

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]]> Trade Ministry partners with Astra International to launch Astra Export Champion Program https://heaptalk.com/govact/trade-ministry-partners-with-astra-international-to-launch-astra-export-champion-program/ Tue, 20 May 2025 07:03:09 +0000 https://heaptalk.com/?p=48118 Heaptalk, Jakarta — The Ministry of Trade and Astra International launched the Astra Export Champion UMKM BISA Ekspor program at the Ministry of Trade office in Central Jakarta on Monday (05/19). This initiative supports the ministry’s priority program to empower micro, small, and medium enterprises (MSMEs) to become exporters under the UMKM Berani Inovasi, Siap […]

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]]> Trade Minister initiates the local product Thursdays movement https://heaptalk.com/govact/trade-minister-initiates-the-local-product-thursdays-movement/ Tue, 13 May 2025 06:55:50 +0000 https://heaptalk.com/?p=47978 Heaptalk, Jakarta — Trade Minister Budi Santoso launched an initiative to promote the use of local products, including clothing and accessories, called Gerakan Kamis Pakai Lokal (Gaspol), meaning local product Thursdays movement, at the Ministry of Trade office on Thursday morning (05/08). Through Gaspol, Budi Santoso encouraged all ministry employees to wear domestically made clothing […]

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]]> Ministry of Trade finalizes plan to redirect import quotas to the US https://heaptalk.com/govact/ministry-of-trade-finalizes-plan-to-redirect-import-quotas-to-the-us/ Mon, 28 Apr 2025 00:07:41 +0000 https://heaptalk.com/?p=47651 Heaptalk, Jakarta — As part of tariff negotiations, the Ministry of Trade is refining a plan to redirect import quotas for certain commodities to the United States (US). Djatmiko Bris Witjaksono, Director General of International Trade Negotiations at the Ministry of Trade, stated that the ministry is still discussing the detailed mechanism for the quota […]

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]]> Ministry of Trade confirms the state budget no longer subsidizes Minyakita https://heaptalk.com/govact/ministry-of-trade-confirms-the-state-budget-no-longer-subsidizes-minyakita/ Fri, 21 Mar 2025 04:30:55 +0000 https://heaptalk.com/?p=46948 Heaptalk, Jakarta — In a hybrid meeting held in Jakarta, Iqbal Shoffan Shofwan, Director General of Domestic Trade at the Ministry of Trade, confirmed that Minyakita is not a subsidized cooking oil product. “Previously, this product was included in the subsidy scheme through the Domestic Price Obligation (DPO) mechanism. However, since the Minister of Trade […]

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]]> In collaboration with Bakamla and BAIS TNI, Ministry of Trade secures imported textiles worth Rp8.3bn https://heaptalk.com/govact/in-collaboration-with-bakamla-and-bais-tni-ministry-of-trade-secures-imported-textiles-worth-rp8-3bn/ Sun, 09 Feb 2025 03:31:48 +0000 https://heaptalk.com/?p=46025 Heaptalk, Jakarta — The Ministry of Trade, in collaboration with the Maritime Security Agency (Bakamla) and the Strategic Intelligence Agency of the Indonesian National Armed Forces (BAIS TNI), has successfully secured imported textile products suspected of being illegal. These textile products include new clothes, second-hand clothes, and rolls of imported fabric totaling 1,663 ballpress or […]

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]]> Govt’s cooking oil Minyakita sold higher that set retail price https://heaptalk.com/govact/govts-cooking-oil-minyakita-sold-higher-that-set-retail-price/ Thu, 30 Jan 2025 10:44:00 +0000 https://heaptalk.com/?p=45902 Heaptalk, Jakarta — The government has set the highest retail price of Minyakita at Rp15,700 per liter. However, in markets, this product is sold at Rp17,609, an increase of 0.26%. Minyakita is a packaged cooking oil brand owned by the Ministry of Trade. According to the Minister of Trade, Budi Santoso, the difference between the […]

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]]> Ministry of Trade aims to boost exports to South Korea https://heaptalk.com/govact/ministry-of-trade-aims-to-boost-exports-to-south-korea/ Wed, 22 Jan 2025 12:39:15 +0000 https://heaptalk.com/?p=45807 Heaptalk, Jakarta — The Ministry of Trade is committed to increasing the export of Indonesian products to South Korea. One effort includes supporting business meetings between entrepreneurs from both countries in multiple business forums and business matching events. “Such meetings will also support the implementation of priority programs of the Ministry of Trade such as […]

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]]> Govt warns retailers against selling cooking oil Minyakita above the highest retail price https://heaptalk.com/govact/govt-warns-retailers-against-selling-cooking-oil-minyakita-above-the-highest-retail-price/ Tue, 21 Jan 2025 06:36:18 +0000 https://heaptalk.com/?p=45798 Heaptalk, Jakarta — Minyakita, the packaged cooking oil brand owned by the Ministry of Trade, has caught the President’s Executive Office (KSP) attention. Edy Priyono, Deputy III of the Chief of Staff, mentioned that the national average price of Minyakita has remained significantly above the highest retail price set by the government, Rp15,700 per liter. […]

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]]> Indonesia’s Trade Balance surplus reaches USD4.42 billion https://heaptalk.com/govact/indonesias-trade-balance-surplus-reaches-usd4-42-billion/ Tue, 07 Jan 2025 14:16:18 +0000 https://heaptalk.com/?p=45421 Heaptalk, Jakarta —Trade Minister Budi Santoso declared that the archipelago’s trade balance reached a surplus of around US$4.42 billion in November 2024. This trade balance record marks the 55th consecutive month of surplus since May 2020, with the cumulative surplus from January to November 2024 amounting to US$28.86 billion. During this period, Indonesia’s export growth trend […]

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]]> Following Sritex case, Minister of Industry discusses Trade Minister Regulation 8/2024 with Minister of Trade https://heaptalk.com/govact/following-sritex-case-minister-of-industry-discusses-trade-minister-regulation-8-2024-with-minister-of-trade/ Wed, 06 Nov 2024 06:55:15 +0000 https://heaptalk.com/?p=43761 Heaptalk, Jakarta — The Spokesperson for the Ministry of Industry, Febri Hendri Antoni Arif, in Jakarta, on Monday (11/04), stated that the Minister of Industry, Agus Gumiwang Kartasasmita, has met with the Ministry of Trade and the Directorate General of Customs and Excise to discuss the Minister of Trade Regulation (Permendag) Number 8 of 2024 […]

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]]> Facing textile industry protests, Ministry of Industry to revise Trade Minister Regulation No. 8/2024 https://heaptalk.com/govact/facing-textile-industry-protests-ministry-of-industry-to-revise-trade-minister-regulation-no-8-2024/ Tue, 05 Nov 2024 05:37:09 +0000 https://heaptalk.com/?p=43725 Heaptalk, Jakarta — The Indonesian government will soon revise Trade Minister Regulation (Permendag) No. 8 of 2024 on Import Policies and Regulations through the Ministry of Industry. This regulation has sparked protests from domestic textile industry players and impacted Indonesia’s manufacturing sector. “The primary focus is revising Permendag 8, which a technical team will discuss,” said […]

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]]> Indonesia bans Temu from operating, allegedly endangering local MSMEs due to predatory pricing https://heaptalk.com/news/indonesia-bans-temu-from-operating-allegedly-endangering-local-msmes-due-to-predatory-pricing/ Tue, 15 Oct 2024 05:14:35 +0000 https://heaptalk.com/?p=43197 Heaptalk, Jakarta — The government officially banned the Chinese marketplace app Temu from operating in Indonesia through the Ministry of Communication and Informatics (Kominfo). The app’s business model is considered non-compliant with the country’s regulations regarding trade and the MSME ecosystem, including predatory pricing. According to the Ministry’s Director General of Public Information and Communication, […]

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]]> TEI 2024 officially closes, records total transactions of US$22.73b https://heaptalk.com/events/tei-2024-officially-closes-records-total-transactions-of-us22-73b/ Mon, 14 Oct 2024 13:37:48 +0000 https://heaptalk.com/?p=43179 Heaptalk, Jakarta — Minister of Trade Zulkifli Hasan officially closed the Trade Expo Indonesia (TEI) 2024 at the Indonesia Exhibition Center (ICE) in Bumi Serpong Damai (BSD), Tangerang, Banten. In his remarks, Zulkifli revealed that TEI 2024 had recorded transactions amounting to US$22.73 billion as of noon. This figure includes US$19.59 billion in goods and […]

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]]> Ministry of Trade has authority to issue permits for Chinese Temu App to enter Indonesia https://heaptalk.com/govact/ministry-of-trade-has-authority-to-issue-permits-for-chinese-temu-app-to-enter-indonesia/ Thu, 10 Oct 2024 06:14:40 +0000 https://heaptalk.com/?p=43071 Heaptalk, Jakarta — The Ministry of Trade has the authority to issue permits for the Temu app to operate in Indonesia. This Chinese marketplace app has long been debated regarding its entry into the local market. Moga Simatupang, the Director General of Domestic Trade at the Ministry of Trade, stated that the Ministry could give […]

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]]> Ministry of Trade organizes Mall-to-Mall Exhibition 2024 to introduce MSME products from Banten https://heaptalk.com/govact/ministry-of-trade-organizes-mall-to-mall-exhibition-2024-to-introduce-msme-products-from-banten/ Tue, 01 Oct 2024 14:14:03 +0000 https://heaptalk.com/?p=39467 Heaptalk, Jakarta — The Ministry of Trade organized the Mall-to-Mall Exhibition 2024 to promote Indonesian micro, small, and medium enterprises (MSMEs), particularly from the Banten Province. The event aims to introduce and strengthen domestic products. The Mall-to-Mall Exhibition 2024 is a collaboration between the Ministry of Trade, the Ministry of Maritime Affairs and Investment, the […]

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