Tag: Indonesia and China business

Indonesia’s economic growth, recorded at 5.04 percent year on year and 1.43 percent quarter on quarter, continues to demonstrate resilience and broad based expansion despite a slight moderation from the previous quarter. Juwai IQI Global Chief Economist Shan Saeed emphasized that the current trend does not signal a slowdown but rather a mid cycle consolidation, describing it as a healthy pause in an otherwise strong growth trajectory.

“This is not a slowdown, but a healthy consolidation within an economic cycle that remains constructive,” Saeed said in an official statement on Wednesday, November 5, 2025.

He noted that Indonesia is showing structural stability rarely seen in other developing economies in the region. With full year growth projected between 5.0 and 5.8 percent, Saeed believes Indonesia remains a key anchor of macroeconomic stability in ASEAN, supported by disciplined fiscal and monetary policies and strong domestic fundamentals.

Several indicators point to renewed acceleration toward year end. The manufacturing PMI rose to 51.2 in October, extending its expansion to 25 consecutive months and signaling solid new orders and export activity. The trade surplus reached 3.2 billion US dollars in September, marking 65 straight months in positive territory, driven in part by exports of electric vehicle related metals including nickel, copper, and cobalt.

Tourism performance has also strengthened. From January to September, foreign tourist arrivals reached 11.2 million, surpassing the total for 2023. By year end, arrivals are expected to reach 14 million and contribute around 1.2 percentage points to services sector GDP.

Domestic indicators remain supportive. The Retail Sales Index rose 3.1 percent in September, while inflation stayed stable at 2.86 percent in October, indicating that purchasing power remains intact. “With PMI above 50, a consistent trade surplus, and year end tourism momentum, I estimate that fourth quarter GDP could reach 5.5 to 5.6 percent,” Saeed said.

He identified household consumption and exports as the main engines of Indonesia’s expansion. Household consumption, which accounts for 53.8 percent of GDP, remains strong, supported by a Consumer Confidence Index of 103.2 in September. Seasonal spending and year end bonuses are expected to reinforce this trend.

On the external side, exports grew 11.4 percent year on year in September to 23.7 billion US dollars, driven by mineral fuels, iron and steel, and machinery. Imports rose 7.2 percent, suggesting active production and investment activity. The rupiah remained stable at around IDR 15,350 per US dollar, outperforming several regional currencies. Saeed praised Bank Indonesia for maintaining structural currency stability while supporting credit growth. “All credit goes to Bank Indonesia,” he said.

Saeed also highlighted the synergy between fiscal and monetary policy as a major strength of the Indonesian economy. The fiscal deficit, estimated at 1.9 percent of GDP, reflects effective budget management, while infrastructure spending reached 75.3 percent as of September, generating a positive multiplier effect. The BI7DRR policy rate of 6.00 percent has maintained rupiah stability and kept core inflation near the 1.9 to 2.0 percent range. Credit growth of 9.4 percent year on year indicates that monetary conditions remain pro growth. Saeed advised investors to remain tactical in late 2025 and early 2026. He highlighted financials, consumer and retail sectors, infrastructure, logistics, and key metal and energy exports such as nickel matte, copper cathode, and cobalt sulfate as areas with strong potential.

“Stability is Indonesia’s strategy, and growth is its reward. In a world filled with uncertainty, Indonesia remains the macroeconomic anchor of Southeast Asia,” he concluded.

November 5, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251105184940-4-682650/ekonom-global-indonesia-tunjukkan-stabilitas-struktural)

National economic growth remained above the 5 percent mark in the third quarter, driven largely by strong export performance. Statistics Indonesia (BPS) official Edy Mahmud announced in Jakarta on Wednesday that gross domestic product (GDP) growth slowed slightly to 5.04 percent year-on-year (yoy), down from 5.12 percent in the previous quarter, though still marginally higher than the level recorded a year earlier.

“This growth is higher than the third quarter of 2024, which stood at 4.95 percent [yoy],” Edy said.

He noted that average GDP growth for the first three quarters reached 5.01 percent, leaving a noticeable gap to the government’s full-year target of 5.2 percent. The Finance Ministry’s Economy and Fiscal Strategy Directorate General had projected that third-quarter growth would hover around 5.1 percent. However, Finance Minister Purbaya Yudhi Sadewa cautioned in October that growth might come in lower due to weeklong protests in late August that disrupted business activity and created additional uncertainty. Purbaya nonetheless maintained that growth could reach 5.5 percent yoy in the final quarter.

BPS data showed that manufacturing expanded 5.54 percent yoy and remained the largest contributor to GDP, accounting for more than 19 percent of total output. Agriculture grew 4.93 percent yoy, while the trade sector posted 5.49 percent growth. From the expenditure side, household consumption increased by 4.89 percent yoy, slightly below the 4.97 percent recorded in the second quarter. Although consumption still accounts for more than half of GDP, its share declined to 53.14 percent in the third quarter from 54.25 percent in the second and 54.53 percent in the first.

Coordinating Economic Minister Airlangga Hartarto acknowledged a “weakening” in consumption during the third quarter but expressed confidence that it would rebound in the final quarter. He made the remark as he headed to a meeting with President Prabowo Subianto at the State Palace to discuss the economy. Airlangga had initially planned a press conference on GDP performance on Wednesday but cancelled it due to the unexpected meeting. Meanwhile, exports grew 9.91 percent yoy, a slight moderation from the 10.67 percent recorded in the previous quarter.

In an analysis published Wednesday, Permata Bank economist Faisal Rachman attributed the moderation in export growth to normalization after front-loading earlier in the year, when traders rushed to ship goods ahead of higher United States import tariffs on Indonesian products. Imports rose only 1.18 percent yoy, sharply lower than the 11.65 percent growth seen in the second quarter. Faisal noted that weakening imports signaled softer investment. Gross fixed capital formation (GFCF), which reflects investment in buildings, machinery, and other fixed assets, grew 5.04 percent yoy, down from 6.99 percent previously.

Faisal said the overall moderation in growth reflected “seasonal normalization,” noting that the second quarter had been boosted by spending during religious festivities. He added that Indonesia’s growth outlook still faced headwinds, underscoring the need for an expansionary fiscal policy to support productive sectors.

Andalas University economist Syafruddin Karimi said the economy “has started to lose steam,” noting that rising exports had not translated into stronger domestic purchasing power or investment. “The growth engine is running, but not with optimal torque,” he said.

November 5, 2025, The Jakarta Post

(https://www.thejakartapost.com/business/2025/11/05/exports-help-keep-gdp-growth-above-5-in-third-quarter.html)

Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources, said the Energy Minister has been highly proactive in translating President Prabowo’s vision into concrete policies. One of these efforts is the issuance of Ministerial Regulation No. 10/2025 on the Energy Transition Roadmap for the Electricity Sector, designed to accelerate Indonesia’s shift toward clean energy.

“What we must do is identify all potential natural resources to address the challenges of the energy transition. This includes optimizing bioenergy, geothermal potential, water resources, and high solar irradiation. Electricity generation and solar energy are receiving significant attention. From there, we transition from fossil fuels to low carbon and then to carbon free systems,” Eniya said on CNBC Indonesia’s Prabowonomics program, quoted Monday, November 3, 2025.

She explained that these strategies are incorporated into the RUPTL, the 10 year National Electricity General Plan. By 2034, Indonesia is expected to secure 70 percent renewable energy capacity, with an additional 69.5 GW of total capacity, including 42.6 GW from renewable energy and 10.3 GW from storage and battery systems. She added that ocean current energy is also being targeted at 40 MW over the next decade.

“We are also incorporating nuclear power to demonstrate that clean energy is being planned on a massive scale. Our target is 500 megawatts by 2032 for on grid nuclear, and this has been included in national planning. This is a very aggressive step never seen before. Our investment target this year alone will reach 1.5 billion US dollars specifically for renewable energy,” she noted.

With these targets, annual renewable energy additions are projected to reach 1 GW, the highest in Indonesia’s history. In transportation, clean energy policies have been implemented since early 2025. Eniya highlighted the rollout of the B40 biodiesel mandate as one of the government’s key achievements this year, contributing both to energy security and broad economic impact.

“Our biodiesel use is already the highest in the world at 40 percent. This is unprecedented. No other country has achieved this,” she said.

The B40 program reduces fossil fuel imports and has created substantial employment across upstream and processing sectors. Nearly 1.5 million workers are currently employed in on farm activities, while the FAME biodiesel industry has expanded rapidly to 24 business entities.

Beyond economic activity, B40 has helped lower emissions and save foreign exchange. Eniya said the biodiesel sector could reduce 27.18 million tons of CO₂ in 2025, with added CPO value reaching 14.26 trillion rupiah. Foreign exchange savings from biodiesel are estimated at 147 trillion rupiah through 2025, strengthening national energy security and the domestic resource based economy.

However, challenges remain. Indonesia faces two main obstacles in achieving its national energy mix target: electricity sector constraints and fuel sector limitations. Many renewable sources are located in remote regions, such as geothermal fields in mountains or solar plants requiring large land areas.

To address this, transmission network expansion is essential. “We have included this in the new RUPTL and are aggressively investing in transmission,” she said.

The second challenge involves bioenergy. While Indonesia leads the world in biodiesel usage, achieving this requires stronger engagement from farmers and industry players. “The 35 percent roadmap was supposed to take two to three years, but it was accelerated. This is where our natural resources are being tapped, involving many farmers. That is what we want,” she concluded.

November 3, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251103211219-4-681938/setahun-pemerintahan-prabowo-ini-sederet-pencapaian-sektor-energi)

Rosan Roeslani, Minister of Investment and Downstream Development and CEO of the Daya Anagata Nusantara (Danantara) Investment Management Agency (BPI), spoke openly about investments by several South Korean giants, revealing the involvement of companies such as EcoPro, Lotte, and Posco.

Rosan said he met with these companies on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit, adding that Lotte’s completed investment is valued at US$4 billion, or approximately IDR 66.63 trillion (at an exchange rate of IDR 16,659 per US dollar).

“I happened to be attending the APEC event and met with several companies that have already invested in Indonesia, including EcoPro. I will also meet with Lotte and others later. Lotte has completed an investment worth US$4 billion,” Rosan said on the sidelines of the 2025 APEC Summit at the Agenas Room, Lahan Select Hotel, Gyeongju, South Korea, in a written statement on Friday (Oct. 31, 2025).

Rosan added that Lotte will visit Indonesia on November 6, during which discussions with Danantara will be held regarding participation in a project in Cilegon.

“In terms of chemical products, we are also discussing with Danantara the possibility of participating in Lotte’s soon-to-be-launched chemical company,” he explained.

He noted that Lotte had offered a 35 percent stake, which is currently under review.

“They offered 35 percent, but we are reviewing it because this is a very promising product, and the project is already completed. The risks are more measurable, so we can see the potential going forward. I have instructed the team to immediately review Lotte’s offer,” Rosan explained.

Rosan further stated that EcoPro is investing US$2 billion, or about IDR 33.31 trillion, and that he met with EcoPro’s leadership during his visit to Seoul, South Korea.

“EcoPro is investing approximately US$2 billion for its new expansion. We met with the chairman yesterday in Seoul and invited Danantara to participate in the ownership. I will follow up on this, as it is also an investment in the downstream EV battery sector,” he said.

He also highlighted the potential collaboration between Posco and Krakatau Steel, noting that the matter would be followed up.

“We will also pursue this potential collaboration and plan to work with Posco to explore further cooperation with Krakatau Steel,” he added.

In addition to EcoPro, Lotte, and Posco, Hyundai has also expressed interest in investing in Indonesia, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. While Airlangga did not disclose the potential investment value, he confirmed Hyundai’s interest in the EV battery sector.

“That will be discussed later, but they are ready with a specific model that requires more detailed discussions. Of course, this vehicle has a specific design and platform, and the one currently being discussed is for EVs (electric vehicles),” he explained.

October 31, 2025, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-8188480/bocoran-investasi-raksasa-korea-di-ri-lotte-ecopro-hingga-posco)

The Indonesian and South Korean governments have taken initial steps to strengthen economic cooperation ahead of the 2025 Asia-Pacific Economic Cooperation (APEC) Summit, which will take place from October 31 to November 1, 2025, in Gyeongju, South Korea.

Discussions on deepening cooperation were held during a bilateral meeting between Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, and South Korea’s Minister of Trade, Investment, and Energy, Kim Jung Kwan, in Gyeongju on Friday (October 31, 2025).

During the meeting, Airlangga said that discussions centered on several key areas, including investment, trade, energy, digitalization, and future industrial development, with both sides reaching a number of agreements.

“South Korea is one of Indonesia’s main partners in building a competitive and sustainable economy. We want to ensure that this ongoing cooperation continues to develop in a more strategic and concrete direction,” Airlangga said in a press release on Friday.

He expressed hope that the partnership would foster inclusive and sustainable economic growth for both countries. The two sides also reaffirmed their commitment to continuously strengthening mutually beneficial cooperation and supporting sustainable economic development in the Asia-Pacific region.

To enhance bilateral economic ties, both ministers reaffirmed their commitment to strengthening the Joint Committee on Economic Cooperation (JCEC) as the primary platform for advancing collaboration between the two countries. Airlangga also announced that the third JCEC Ministerial Meeting will be held in Indonesia in the first quarter of 2026 to accelerate the implementation of previously agreed strategic projects. In addition, he emphasized the importance of expediting the implementation of the Economic Cooperation Committee under the Indonesia–Korea Comprehensive Economic Partnership Agreement (IK-CEPA).

“IK-CEPA is a vital instrument for deepening our economic partnership. Through this agreement, we aim to ensure direct benefits for industries and communities in both countries,” Airlangga said.

Concluding the meeting, Airlangga expressed confidence that cooperation between Indonesia and South Korea will continue to progress toward a comprehensive, innovative, and sustainable economic partnership.

“Economic cooperation between Indonesia and Korea not only reflects strong bilateral relations but also contributes significantly to regional economic growth. Moving forward, we will continue to strengthen this inclusive and mutually beneficial partnership,” he added.

South Korea remains one of Indonesia’s key strategic partners in strengthening bilateral economic relations. In 2024, it ranked as the seventh-largest investor in Indonesia, with around 2,000 Korean companies operating in collaboration with local partners.

October 31, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251031103428-4-681001/ri-korsel-perkuat-kerja-sama-ekonomi-jelang-ktt-apec-2025)

Indonesia and Turkey have agreed to expand cooperation in civil aviation, paving the way for more direct flights and deeper technical collaboration between the two countries, according to a statement released on Sunday by the Transportation Ministry’s Directorate General of Civil Aviation (DGCA). Following a two-day consultation in Istanbul on Oct. 22–23, both sides signed a record of discussions and an implementing arrangement to serve as the foundation for strengthening bilateral cooperation in civil aviation.

The consultation followed up on an agreement reached between President Prabowo Subianto and President Recep Tayyip Erdoğan during the inaugural High-Level Strategic Cooperation Council (HLSC) meeting on Feb. 12 in Bogor, West Java, which included Turkey’s request to increase flight frequencies on direct routes. The two countries also agreed to expand their respective air service networks.

Indonesia will add eight new destinations to complement Jakarta and Denpasar: Medan in North Sumatra, Majalengka in West Java, Yogyakarta, Manado in North Sulawesi, Balikpapan in East Kalimantan, Kediri in East Java, Lombok in West Nusa Tenggara, and Sorong in Southwest Papua. Meanwhile, Turkey will add Izmir and Bodrum to its existing destinations — Istanbul, Ankara, and Antalya. In addition, the agreement significantly increases aviation traffic rights from 14 to 32 flights per week.

The ministry’s Director of Air Transportation, Agustinus Budi Hartono, said the agreement reflected constructive dialogue and demonstrated both countries’ strong commitment to enhancing air connectivity and broadening market access.

“This capacity increase is a strategic step toward wider connectivity between Indonesia and Turkey. The agreement also creates opportunities for airlines to explore new routes beyond Jakarta and Denpasar,” he said on Sunday.

“This agreement marks an important milestone in expanding aviation cooperation while opening greater economic opportunities for the national aviation industry. The DGCA will continue to ensure the agreement’s implementation in accordance with regulations, prioritizing safety, security, and passenger comfort,” Agustinus added.

He noted that the expansion is expected to attract more airlines to develop services to new destinations and stimulate growth in tourism, trade, and investment. Both sides also agreed to update their codeshare arrangements to allow third-country airlines to cooperate with Indonesian and Turkish carriers on connecting flights — a move expected to improve operational efficiency, expand network connectivity, and offer passengers more travel options.

Another provision in the agreement concerns the mutual use of unutilized entitlements, such as flight frequencies or aircraft seats, which can be used by the other party through commercial arrangements between airlines. These arrangements must, however, be reported to each country’s aviation authority. The mechanism provides greater flexibility for carriers to optimize market potential without waiting for future revisions to the air services agreement.

October 27, 2025, The Jakarta Post(https://www.thejakartapost.com/business/2025/10/27/indonesia-turkey-ink-deal-to-expand-civil-aviation-cooperation.html)

Indonesia and Brazil agreed to strengthen bilateral relations and signed a series of cooperation agreements on Thursday as their leaders met in Jakarta, marking a significant step toward deepening economic and political ties between two of the world’s largest emerging economies.

Brazilian President Luiz Inácio Lula da Silva was welcomed with a marching band and national anthems at the presidential palace before holding talks with President Prabowo Subianto. The visit, part of Lula’s tour of Southeast Asia, underscores both nations’ commitment to expanding collaboration beyond traditional partners.

The two leaders witnessed the signing of agreements covering oil and gas development, electricity, technology, mining, and agriculture. The new pacts are seen as a strategic move to diversify economic partnerships, coming several months after U.S. President Donald Trump imposed a 19 percent tariff on imports from Indonesia under a new trade policy, and a 50 percent tariff on Brazilian products.

“How is it that two important countries in the world, such as Indonesia and Brazil, which together have a population of almost 500 million, only have a trade volume of $6 billion?” Lula said at a joint press conference after the talks. “This is not enough for Indonesia, and it is not enough for Brazil.”

President Prabowo said both governments were exploring the establishment of a free trade agreement between Indonesia and Mercosur — the South American trade bloc consisting of Brazil, Argentina, Paraguay, Bolivia, and Uruguay. “I believe this will strengthen our relations and allow both our economies, as well as those of Latin America, to grow rapidly,” he told reporters.

During the conference, Prabowo described Indonesia and Brazil as “two new economic powers that are rising,” emphasizing the need to increase trade, investment, and technology cooperation to support sustainable growth.

Brazil has sought to deepen its engagement with Southeast Asia in recent years, recognizing the region’s growing economic influence. Lula’s attendance at the upcoming Association of Southeast Asian Nations (ASEAN) Summit in Malaysia — the first ever by a Brazilian president — reflects that ambition and signals stronger interregional diplomacy.

Brazil remains one of Indonesia’s key trading partners in South America. Total trade between the two countries reached $4.3 billion from January to August 2025, according to Statistics Indonesia data. Jakarta has also intensified its economic diplomacy in Latin America, signing a trade agreement with Peru in August and joining the BRICS bloc of major emerging economies — which includes Brazil — earlier this year.

Both leaders expressed optimism that Thursday’s agreements would pave the way for a more dynamic and mutually beneficial partnership, setting the tone for broader cooperation between Southeast Asia and South America in the years ahead.

October 23, 2025, The Jakarta Post

(https://www.thejakartapost.com/business/2025/10/23/indonesia-brazil-strike-cooperation-deals-as-leaders-meet.html)

Finance Minister Purbaya Yudhi Sadewa has confirmed the approval of a budget for Indonesia’s purchase of Chengdu J-10 fighter jets from China, marking one of the country’s largest defense procurements to date. The deal, valued at around US$9 billion or IDR 148 trillion (exchange rate of IDR 16,500), is set for implementation next year.

“US$9 billion, if I’m not mistaken, or more. I forget the exact figure, but it’s been approved, so everything should be ready,” Purbaya said at the Directorate General of Taxes (DGT) Headquarters in Jakarta on Wednesday (10/15/2025).

Purbaya noted that while the budget allocation has been finalized, the schedule for delivery remains under the Ministry of Defense’s coordination. “We need to double-check with the Defense Ministry regarding the exact import timeline,” he added. Defense Minister Sjafrie Sjamsoeddin previously confirmed that the Indonesian Air Force (TNI AU) will receive the Chengdu J-10 jets, with the first units expected to arrive in Jakarta soon.

The Chengdu J-10, known as Vigorous Dragon, is a single-engine, medium-weight, multirole fighter aircraft developed by Chengdu Aircraft Corporation (CAC) for the People’s Liberation Army Air Force (PLAAF). Designed for air superiority and ground-attack missions, the J-10 is widely regarded as China’s counterpart to the American F-16 Fighting Falcon and is currently in service with both the PLAAF and Pakistan Air Force (PAF).

The first J-10 prototype was assembled in 1997, making its maiden flight in March 1998, and entered full service in 2006. By 2024, more than 600 units had been produced. The jet can reach a top speed of Mach 1.8 (approximately 2,327 km/h) and a maximum altitude of 18,000 meters. Its operational range extends to 1,850 km, with a combat radius of 550 km. Weighing 9,750 kg at empty and up to 19,277 kg at maximum takeoff, the J-10 is powered by the AL-31 turbojet engine from Russia’s Saturn Lyulka, offering a balance of speed and agility.

The J-10 incorporates a digital fly-by-wire control system and HOTAS (hands-on throttle and stick) configuration, enabling pilots to perform high-maneuverability combat maneuvers efficiently. Its advanced cockpit setup includes a helmet-mounted display, a wide-field head-up display, a color multifunction display, and two monochrome LCD panels.

Radar systems for the J-10 may include options such as the Chinese Type 1473, JL-10A, or foreign variants like Russia’s Phazotron Zhuk-10PD, Israel’s IAI Elta EL/M-2023, or Italy’s Galileo Avionica Grifo 2000. The aircraft supports a diverse range of air-to-air missiles, including the Chinese PL-8, PL-11, and PL-12, as well as Russian-made R-73 (AA-11 Archer) and R-77 (AA-12 Adder).

Indonesia’s decision to acquire the J-10 signals a significant step in diversifying its defense partnerships and modernizing its air fleet. The move reflects Jakarta’s commitment to strengthening its air defense capabilities amid evolving regional dynamics, as well as its broader ambition to maintain strategic balance and enhance national security through advanced military technology.

October 17, 2025, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-8164479/ri-beli-jet-tempur-dari-china-rp-148-t)

(https://inet.detik.com/cyberlife/d-8163171/purbaya-setujui-pembelian-jet-tempur-chengdu-j-10-ini-speknya)

Trade Minister Budi Santoso, accompanied by Coordinating Minister for Food Affairs Zulkifli Hasan, officially opened the 40^th Trade Expo Indonesia (TEI) 2025 at ICE BSD City, Tangerang Regency, Banten, on Wednesday (10/15). The annual international event, organized by the Ministry of Trade, carries the theme “Discover Indonesia’s Excellence: Trade Beyond Boundaries.” Zulhas emphasized that the government’s trade policies are on the right track, as reflected in Indonesia’s continued positive trade performance.

“As of this month, national exports have grown by more than 7 percent compared to last year, with the trade surplus reaching US$29 billion. This is an extraordinary achievement resulting from our collective efforts. With cooperation and optimism, Indonesia will continue to strengthen its position as a competitive global economic power,” said Zulhas.

Budi stated that TEI 2025 features 1,619 participants and 8,045 registered buyers from 130 countries. The exhibition is divided into three main zones: food and agriculture, manufactured products, and services and lifestyle, with a transaction target of US$16.5 billion.

“TEI is a concrete manifestation of President Jokowi’s Asta Cita vision to strengthen downstream industries and expand Indonesia’s role in the global supply chain toward a Golden Indonesia,” Budi noted.

In addition to the main exhibition, TEI 2025 presents business matching sessions, counseling, and business forums. The event is also synergized with the Pangan Nusa Exhibition in Hall 9 of ICE BSD City, which promotes Indonesia’s culinary diversity and regional food potential. “This exhibition showcases the creativity and quality of national culinary entrepreneurs, opening global collaboration opportunities,” Budi added.

Budi expressed appreciation to all partners for their support, including the Ministry of Foreign Affairs, Indonesian representatives abroad, friendly nations, Kadin, and international chambers of commerce for helping attract buyers and expand Indonesia’s global trade network. “Through our collective spirit of cooperation, Indonesia will continue to enhance its global competitiveness for national welfare and shared prosperity,” he said.

During the opening ceremony, Budi presented the Primaniyarta Award to outstanding exporters and regional heads for boosting export performance and brand recognition, and the Primaduta Award to loyal buyers and export partners. Recognition was also given to Indonesian representatives abroad for their contribution to non-oil and gas export growth.

Also in attendance were Minister of MSMEs Maman Abdurrahman, Minister of Villages and Development of Disadvantaged Regions Yandri Susanto, Banten Governor Andra Soni, and Kadin Chairman Anindya Bakrie. International guests included Timor-Leste’s Deputy Prime Minister and Coordinating Minister for Economic Affairs Francisco Kalbuadi Lay, Yemen’s Deputy Minister of Trade and Industry Salem Mohamed Ahmed Salman, and Egypt’s Chairman of the General Authority for Investment and Free Zones Hossam Heiba, along with Indonesian ambassadors and representatives from friendly nations.

October 15, 2025, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20251015191314-4-676196/trade-expo-indonesia-2025-hadirkan-keunggulan-produk-tanah-air)