Trade and Industry

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Green economy and low-carbon development have emerged as one of key economic development strategies in Indonesia. This strategy is meant to ensure future development not only results in high economic growth, but also secures social welfare and environmental sustainability. This strategy has also become a joint commitment of the G20 countries at the Bali Summit...
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The World Trade Organization’s dispute settlement body (DSB) viewed that Indonesia’s ban on the export of nickel ore had violated the regulations. Nevertheless, the Indonesian government is determined to lodge an appeal against the DSB’s decision and continue the plan to downstream the nickel processing domestically. The government’s decision to appeal is in line with...
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Various parties have expressed concern that a global food crisis is likely to occur by the end of 2022 and persist until 2023. This threat emerges due to several factors, including: the protracted Russian invasion that affects Ukrainian food production and trade; the commitment and trust of various countries to support each other’s supply chains...
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The government’s policy of diverting part of the fuel subsidy to a program to strengthen social protection as of 3 September has drawn various responses from the public. On the one hand, the government explains that the fuel subsidy has been misdirected, shackles the state budget, and is prone to swelling if world oil prices...
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Because of the ongoing volatility in global oil prices, the government decided to improve the fuel subsidy program (BBM). In the midst of various signals to raise subsidized fuel prices, the government announced an additional Rp 24.17 trillion [1] allocation of social assistance. This month’s Trade and Industry Brief examines the impact of global oil...
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As the Russia-Ukraine war and the EU trade sanctions against Russia continue, the energy crisis confronts the nations of the European Union (EU) ahead of the onset of autumn and winter. Both opportunities and challenges exist for Indonesian coal exports as a result of the EU’s ban on Russian coal imports. On the one hand,...
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  The national tourism sector which has just started to emerge from the Covid19 pandemic must again prepare to face a new wave of infections originating from the Omicron BA.4 and BA.5 subvariants. Although the scale of transmission and the risk to health are not estimated to be as severe as the previous variant, the...
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