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Indonesian Trade Minister Enggartiasto Lukita says that the government is targetting Turkey as the new export hub.
The United States and China agreed on Saturday, June 29, to restart trade talks and Washington will not levy new tariffs on Chinese exports.
Data showed that people are fond of shopping for groceries at minimarkets rather than supermarkets because of its ease of access.
The United States and China are in the middle of a costly trade war that has pressured financial markets and damaged the world economy.
Indonesia's competitive rank went up from 42 in 2018 to 32 in 2019, according to a research by the IMD World Competitiveness Yearbook (WCY).
Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal.
The U.S. escalated a tariff war with China by hiking levies on $200 billion worth of Chinese goods amid the last-ditch talks to rescue a trade deal.
The United States' 25 percent import tariff hike on Chinese products may somewhat impinge on Indonesia's economy, says Darmin Nasution.
A new trade war sparked by U.S. automotive tariffs has potential to do much more damage to economic growth than the U.S.-China trade issue, IMF says.
G20 must all tackle the root causes of global trade tensions because they are putting global growth at risk, an EU document showed.
The Ministry of Trade announced that Indonesia's staple food (sembako) supplies up to April would suffice the public's needs.
The government will also file a lawsuit with the World Trade Organization.
The Jakarta Composite Index (JCI) opened weak this morning, March 8 at the Indonesia Stock Exchange (IDX).
The Central Statistics Agency (BPS) announced that the trade deficit in January 2019 amounted to US$1.16 billion.
Late last year during a dinner between Trump and Xi in Argentina, the two men agreed to take a 90-day hiatus in their trade war.
China and the United States will have in-depth discussions on economic and trade issues during Chinese Vice Premier Liu He's U.S. visit next week.
Trade value between Indonesia and the U.S. may reach US$50 billion a year in the future.
The Central Statistics Agency (BPS) noted that the trade balance as per December 18, 2018, was at a deficit of US$1.1 billion.
Foreign Trade Director General Oke Nurwan said the import permit of 30,000 tons of corn was still in process, pending a duty from SOE Ministry.
East Kalimantan Province saw a trade surplus of US$12.52 billion in the January-November 2018 period.