The comparative advantage of Indonesian products and positive acceptance from public in Malaysia of Indonesia products are among the factors that contribute to the relatively healthy bilateral trade relations.
Since the VOC era 400 years ago, we sent raw materials, until now we still send raw. We have to stop! Stop! Stop! We can't get anything," President said.
The government has lifted a month-long ban on coal exports.
Joko Widodo said he has set a timeline for the completion of a number of coal downstream projects in Indonesia and expected all stakeholders, including ministries, to meet the target.
Minister of Energy and Mineral Resources said the remaining coal producers who have yet to meet the obligation must need to wait before restarting their export activities.
Secretary of energy Alfonso Cusi said the policy potentially results in massive disruption to national economy.
Ministry of Energy and Mineral Resources said the step is an effort to ensure the availability of coal supply for power plants in Indonesia.
The free trade agreement (FTA) between Asean member states and its partner states, which will take effect on January 1 next year, has the potential to result in successful cooperation between states, thus providing abundant benefits.
The minister noted that Indonesias exports in 2021 will be the highest since 2011 when the countrys exports were recorded at US$203.5 billion
The Indonesian Export Financing Institution, or LPEI, inaugurated the Foreign Exchange Village program in Kupang Village, Sidoarjo, East Java, to encourage export of the abundant seaweed.
Indonesian Ministry of Marine Affairs and Fishers said it supports and encourages lobster farming in Lampung province to support the livelihood in the region.
Ministry of Trade has issued new regulations that seek to simplify the process to obtain export and import licenses for businesses.
