Indonesia and Egypt in Collaborationwith the Formation of the Joint Trade Committee

Indonesian Minister of Trade Zulkifli Hasan and Egyptian Minister of Trade and Industry Ahmed Samir Saleh signed a memorandum of understanding (MoU) to form a Joint Trade Committee (JTC). The cooperation aims to promote and increase trade cooperation between the two countries. This was revealed by Zulhas during a bilateral meeting between the two ministers in Cairo, Egypt, today. The signing of the MoU was included in the Minister of Trade Mission Zulkifli Hasan series to Egypt, May 14-16, 2023.
“Today, Minister Ahmed and I have signed an MoU for the formation of JTC Indonesia-Egypt,” Zulhas said in a written statement Monday (5/15/2023).
He said efforts to promote and improve trade cooperation between the two countries could be taken by JTC, among others, through the identification and application of steps to increase trade relations, solving problems and trading barriers, as well as the role of a medium of consultation and exchange of trade information. Both countries project JTC to become a medium that can accommodate aspirations and input from the community of business actors in each country.
“I hope that the JTC forum can be utilized optimally to identify the various potentials of increasing trade in the two countries as well as a forum for completing trading obstacles oriented to common interests,” he explained.
He added the formation of JTC based on the leaders’ joint statement of Indonesian President Joko Widodo and Egyptian President Abdel Fatah Al-Sisi during the visit of Egypt’s President to Jakarta on 4 September 2015.
Zulhas said that the total trade in Indonesia and Egypt in January-March 2023 was recorded at US $ 432.90 million, consisting of exports of USD 379.40 million and imports of US $ 53.50 million. Indonesia’s surplus of US $ 325.80 million. In the last five years (2018-2022), Indonesia consistently recorded a trading surplus against Egypt, with a trend of 9.82 percent.
Meanwhile 2022, the recorded total Indonesian and Egyptian trade reached US $ 1.56 billion. Indonesia’s exports to Egypt were recorded at US $ 1.43 billion, and Indonesia’s imports from Egypt were US $ 226 million. Indonesia’s surplus over Egypt of US $ 1.11 billion.
“Indonesia’s main export products to Egypt include palm oil, coffee, coconut, thread, and spare parts. Meanwhile, the main import commodity of Indonesia from Egypt is phosphate mineral fertilizer, dates, figs, pine, avocado, guava, mineral fertilizer, drops resulting from the extraction or purification of sugar, and natural calcium phosphate, “he concluded.
Meanwhile, Ahmed Samir Saleh also welcomed the cooperation. According to him, Indonesia is an important trading partner country for Egypt.
“Indonesia is an important partner country for Egypt. We agree that trade relations must be increased to a higher level,” concluded Ahmed.

May 15, 2023, detikFinance

Indonesia is Now the Supplier of Live Chickens to Singapore

A neighboring country, Singapore, is now getting a supply of live chickens from Indonesia. This was marked by the first export of 23 thousand live chickens to Singapore conducted by the Japfa Group. The export of live chickens by sea. The chicken results from the cultivation of PT Ciomas Adisatwa in Bintan Regency, Riau Islands, a subsidiary of PT Japfa Comfeed Indonesia Tbk. This export is an important milestone for new shipping options to supply fresh chickens to Singapore by sending live chickens by sea and slaughtered in the destination country.
“With strict requirements from the country, Japfa succeeded in meeting Singapore’s requests and standards. A total of 1,500 tons or around 900,000 live chickens are targeted to be exported to Singapore in 2023. The first delivery of live chickens in the first history is a collaboration between Japfa, the government of Indonesia, Singapore, and other stakeholders, “said the Director of Japfa, Harwanto in a written statement, quoted Sunday (5/14/2023).
Now Japfa plays an essential role in providing food ingredients for people in the Asian region. By promoting high-quality standards, food safety, and corporate governance, Japfa has the capacity to meet Singapore’s food security strategies.
“We are happy to be able to contribute to Singapore’s food security strategies by providing fresh chicken for local consumers,” said the Tan Yong Nang JAPFA Group (Ltd), Chief Executive Officer.
On the other hand, the Director General of Animal Husbandry and Animal Health at the Ministry of Agriculture, Nasrullah, said that this export proves that Indonesian livestock products have good quality and can meet food security guarantees in accordance with international standards.
“As we also know, the potential for the production of national chicken meat in 2022 was recorded as many as 3.67 million tons. This shows that Indonesia is a country that is able to supply the needs of poultry and its derivative products not only for the people of Indonesia but are ready to supply global food needs,” he explained.
He said export feasibility standards were proven by some local and international certifications, such as Avian Influenza (AI) free compartment certificates, veterinary control number certificates (NKV), halal product certificates, and the application of ISO 2200 Quality Issue Management, Hazard Analysis Critical Control Point (HACCP), and Food Safety System Certification (FSSC) 22000. Meanwhile, the Indonesian Ambassador in Singapore, Suryo Pratomo said the export of chickens lived to Singapore as a sign of increasing trade cooperation.
“This export is a milestone that marks an increase in more cohesive trade cooperation between Indonesia and Singapore. This export is also a concrete follow-up of the meeting between the two leaders in the Leaders Retreats last May in Singapore. Previously Indonesia succeeded in exporting frozen chickens and Processed chicken products since June last year, “he said.
Meanwhile, in the Indonesian Trade Attaché in Singapore, Billy Anugrah, in 2022, Indonesia is expected to import 228,000 tons of chicken, both live chickens, chilled or frozen chicken, and processed chicken products. The majority of chickens come from Brazil (51%), Malaysia (24%), the United States (11%), and other countries (14%).

May 15, 2023, detikFinance

Indonesian Trade Balance Surplus US $ 3.94 Billion in April 2023

Indonesia’s trade balance in April 2023 experienced a US $3.94 billion surplus. The surplus was triggered by a decrease in oil and gas imports. The Central Statistics Agency (BPS) reports that this trade balance surplus is a 36-month-up surplus in a row. The surplus was much higher than in March 2023, which reached US $ 2.91 billion.
Deputy for BPS Statistics and Statistical Information Imam Machdi revealed a surplus due to a lower decrease in imports of exports. Non-oil and gas imports have decreased throughout April 2023 by 22.27% on an annual basis. The development of imports in April 2023, the import value of IDR 15.35 billion or down 25.45% when compared to March 2023. If detailed, oil and gas imports are worth US $2.96 billion or down 1.98% compared to March 2023.
“In the last three years, the changes in April imports have always fallen, the decline in non-oil and gas imports by 29.48% in April because there was a war from several commodities,” said Imam.
This surplus position is higher than the market consensus compiled by the CNBC Indonesia Research Team. A total of 12 institutions estimate that the trade balance surplus in April 2023 will reach US $3.34 billion. Consensus also shows that exports will still be contracted by 19.31% (year on year/yoy) while imports have dropped 7%. For the record, the export value of March 2023 plummeted 11.33% (yoy) but increased 9.89% (month to month/mtm). Imports contracted 6.62% (yoy) but jumped 29.33% (mtm).

May 15, 2023, CNBC Indonesia

Indonesia’s Target: Spices Export IDR 29.6 Trillion

Director General of National Export Development (PEN) of the Ministry of Trade, Didi Sumedi, said that the export target of Indonesian spices could reach US $2 billion or IDR 29.60 trillion (exchange rate of IDR 14.800) in 2024. This target is carried out through the Spice Up The World program according to the mandate of President Joko Widodo (Jokowi).
“This is also an important part of the government program, the mandate of the President, Spice Up the World. This is launched in 2024 we can increase the spices and various kinds of spices to US $2 billion. While we export US $1.03 billion,” He said in the release of spice export products and fast food to Saudi Arabia at PT Pangansari Utama Head Office, Jakarta, Friday (12/5/2023).
For information, Indonesia Spice Up The World is one of the government programs that involve across ministries/institutions in an effort to increase the marketing of Indonesian spices or food products and spices. Through this program, the government also wants to build an Indonesian culinary business in foreign countries. The target in 2024 Indonesia will have 4.000 restaurants abroad. At present, there are already around 1.700 restaurants abroad.
Indonesia is now competing with Thailand in business in the culinary sector. Yet according to Didi, Indonesia is seeded with the presence of more significant natural resources. He also encouraged increased trade with Saudi Arabia. It is planned that billionaires from Saudi Arabia will meet Indonesian representatives on 30-31 May.
“We convey to increase the intensity of trade with Saudi Arabia. On May 30-31, we will do business forums by inviting some big brothers from Saudi. What can be done,” he concluded.

May 12, 2023, detikFinance

Jokowi Will Lead 7 Meetings at the ASEAN Summit andMalaysian Prime Minister 1 Agenda

Indonesia hosted the 42nd ASEAN Summit this year. Foreign Minister, Retno Marsudi revealed the peak activities of the 42nd ASEAN Summit in Labuan Bajo, West Manggarai, East Nusa Tenggara (NTT), on May 10-11 will be made in the format of plenary and retreat.
The leaders of ASEAN countries will hold eight meetings at the Summit. Seven of the agenda of the meeting was led by President Joko Widodo (Jokowi). One other agenda was led by the Prime Minister of Malaysia.
“Seven of them were led by the President,” Retno said after accompanying President Jokowi to check the final Waringin Puncak readiness as a Spot Spouse Program at the ASEAN Summit, Tuesday (4/25/2023).
Retno explained several meetings of the ASEAN state leadership that would be led by Jokowi at the Summit, namely a meeting with parliament, a meeting with youth. Then, a meeting with businessmen, and a meeting with a high level task force that will prepare the vision of ASEAN 2045. Then, the IMT-GT Summit, namely the Indonesia-Malaysia-Thailand Growth Treangle meeting.
The meeting led by the Prime Minister of Malaysia was Bimp-Eaga Summit, namely the meeting of Brunei Darussalam, Indonesia, Malaysia, and the Philippines in the East Asean Growth area. “Led by the Prime Minister of Malaysia because the leader of the meeting was carried out rotating and this year it was Malaysia’s turn to lead the meeting,” Retno said.
Retno said the ASEAN Summit in Labuan Bajo was not only attended by the leaders of ASEAN countries, but also business people to parliament members. At the peak of the ASEAN Summit there is also a Forestry Spouse Program for the wife of the Head of State who attended the ASEAN Summit. In the spouse program, First Lady Iriana Jokowi will invite the wives of ASEAN heads to visit Puncak Waringin.
“For two days (ASEAN Summit) there will be a ladies program that had been checked by Mr. President and First Lady with several directions for organizing a spouse program,” Retno said.
She added two days before the summit of the Summit there was also a meeting of ministers and other meetings. On May 8 a senior official meeting will be held, and on May 9 there will be a meeting of the Foreign Minister of ASEAN State Meeting.
“The summit was held May 10-11, but the series of events had a senior official meeting meeting, there was a meeting of the Foreign Minister. 10-11 May of the Summit, namely ASEAN leaders,” said Retno.

April 25, 2023, detikBali

TransNusa Officially Operates China-Made Aircraft

PT. TransNusa Aviation Mandiri (TransNusa) officially operates its new fleet comac (Commercial Aircraft Manufacturing) ARJ21-700 which is the first in Indonesia. The new fleet made in China has a PK-TJA registration code and 8B flight code. The operation of the COMAC ARJ21-700 is one of TransNusa’s steps in presenting the rejuvenation of the fleet which also supports the expansion of the low-cost carrier (LCC) flight business brought by the airline.
“Until now, TransNusa has been known to operate using Airbus A320-NEO and A320-CEO. As of April 19, the first COMAC ARJ21-700 aircraft will help strengthen the TransNusa fleet in Indonesia and as a beginning will enliven the Jakarta-Bali sky,” said the President Director TransNusa, Bayu Sutanto in his statement, Friday (4/21/2023).
“We greatly appreciate and thank the government, regulators, airport managers, as well as all parties and institutions that have been involved so that the presence and operation of the first COMAC ARJ21-700 aircraft in Indonesia from TransNusa can be realized and enjoyed by each of our services,” he continued.
COMAC ARJ21-700 TransNusa has a 3-2 single aisle configuration with a capacity of 95 seats. Bayu further explained that the specifications of the COMAC ARJ21-700 aircraft were the best choice of the airline today.COMAC ARJ21-700 presents excellence in its class such as modern devices and the level of reliability with good high-flying skills. This can be seen from the wing curve (sharklets) from the COMAC ARJ21-700 which has a range of up to 27 meters and is supported by two General Electric (GE) CF34-10A machines.
Director and Stakeholder TransNusa Leo Budiman said, the aviation business is a sector that is closely related to the tourism industry. Therefore, it fully supports the program launched by the Indonesian Ministry of Tourism which aims to increase the number of tourists visiting Indonesia, while supporting the economic growth of the tourism sector.
“As part of our support for this initiative, we introduce COMAC ARJ21-700 aircraft with extraordinary technology, which is also suitable for the current market, and geographical conditions in Indonesia,” he said.

April 21, 2023, detikFinance

Indonesia Becomes a Partner of Hannover Messe’s Largest Industrial Exhibition

          Indonesia became the first ASEAN country to be the country partner for the third time at the International Industry Exhibition, Hannover Messe 2023. This prestigious event will take place on April 17–21, 2023, in Hannover, Germany.
“Indonesia’s participation as the Official Partner Country (Indonesia Country-IPC) is in line with the strategic initiative of ‘Making Indonesia 4.0’ in order to answer the challenges of the 4th Industrial Revolution. This will also lead to an increase in inclusive sustainability, business startup, and technology development, as well as support for supports the circular economy, “said the Ambassador of the Republic of Indonesia to the German Federal Republic, Arif Havas Oegroseno, in a written statement quoted Friday (4/14/2023). Through Hannover Messe 2023, Indonesia will again display a number of industrial technology 4.0 innovations and investment opportunities for the industrial sector from 157 co-exhibitors. In addition, Indonesia will also hold a series of activities, such as the opening of Pavilion Indonesia at Hannover Messe Fairground with an area used around 3.000 m2, the Business Summit, Indonesia Country Night, and several industrial-themed conferences.
To increase public awareness of the Hannover Messe 2023 event, the government has also carried out several promotional and publication activities, both at home and abroad. In fact, promotional activities have been carried out in advance of the exhibition. Through these promotional and publication activities, it is expected that four main targets of Indonesia’s participation at the Hannover Messe 2023 event can be achieved, namely: 1) to introduce Indonesia’s vision on the Making Indonesia 4.0 road map; 2) promoting industrial cooperation; 3) promoting investment and exports; 4) improving bilateral cooperation relations with Germany and entering the Global Supply Chain network.
The performance of the Indonesian manufacturing sector is still stretching. As of 2022, the industrial sector is still the biggest contributor to GDP, which is 16.48%. In addition, the industrial sector also contributed significantly to national tax revenue, namely 28.7%. In addition, the value of the Industrial Trust Index (IKI) until March 2023 still shows the expansion value of 51.87. The increase in IKI value from November 2022 to March 2023 was 1.93%, with an average increase since the release of IKI from November 2022 to March 2023 at 0.48%.

April 14, 2023, detikFinance

Indonesia’s Participation in Hainan Expo 2023 Strengthens Relations With China

Deputy Minister of Tourism and Creative Economy Angela Tanoesoedibjo conveyed that Indonesia’s active participation in ‘Hainan Expo 2023’ is a form of commitment to strengthen relations with China. Especially, in developing tourism through connectivity and the creative economy.
“The relationship between Indonesia and China in trade and tourism over the past few years has shown a big progress. Where in 2021 alone, we exported goods worth US $ 53.78 billion to China,” she said in a written statement on Thursday, (13/4 /2023).
The ‘Hainan Expo 2023’ itself is one of the largest Consumer Goods product trading products in China which was attended by 65 countries. Indonesia itself became one of the main participants in the exhibition, which took place from April 11–15, 2023. Brands such as Kapal Api and Good Day became one of a number of products that were in the 198 m2 booth.
Angela hopes that Indonesia’s participation can open more opportunities for market expansion and further cooperation between the two countries. Because the contribution of Indonesia’s creative economy to national GDP is the third largest in the world, which is almost 8%, with the main driving force of the culinary, fashion, and craft subsectors.
“Realizing this potential, Indonesia focuses on developing tourism products and innovative, high-quality, high-quality and high-quality creative economy products. And in line with our vision to carry out sustainable economic development,” she said.
Angela explained that during the pandemic there was a paradigm shift, where the perpetrators of Ekraf could reach a wider market with technology. To fulfill this request, business actors must continue to innovate to remain competitive and competitive. Therefore, she continued, since 2020 the Indonesian government has empowered the creative economy’s MSMEs to adapt. Through the proud national movement made in Indonesia, which involves various stakeholders in training, assistance, marketing, and digitalization to support MSMEs.
“As a result, the value of Indonesia’s creative economy exports increased from US $ 18.8 billion in 2020 to US $ 25 billion in 2022,” she added.
Angela also added that at this time Indonesia’s creative economy was focused on the game industry and events through the program to accelerate the development of the game industry, as well as ease of regulation in the licensing of the event.

April 13, 2023, detikFinance

ANOC and Qatar Support Indonesia Title World Beach Games

The Association of National Olympic Committee (ANOC) and Qatar expressed their support for Indonesia’s bid to hold the 2023 World Beach Games in Bali. Chairperson of the Indonesian Olympic Committee (KOI), Raja Sapta Okto, who delivered the statement following the rejection of the Governor of Bali regarding the participation of Israeli athletes at the ANOC WBG, which will be held on the Island of the Gods on August 5–12, 2023.
Okto said that after the dynamics of the participation of Israeli athletes emerged, even to the point of being heard abroad, many showed sympathy and gave support to friendly countries both directly and indirectly. Especially after FIFA revoked Indonesia’s status as the host of the U-20 World Cup.
“I got a response, especially from ANOC, who tried to find solutions so that activities (WBG) could still be carried out and all parties could not be disturbed. Like the first host country, Awbg, Qatar, even provided full support after hearing about the situation that occurred today. Because they want to make sure that the activity can take place well, “Okto said in a press conference at the KOI office in Jakarta on Thursday (6/4/2023).
However, Okto, who had served as the 2016 Olympic Chef de Mission in Rio de Janeiro, stressed that Indonesia must be able to pass this precedent for the ideals of the host country of the 2036 Olympics. Where, Qatar became one of its competitors.
“I have communicated from the beginning with them. They said this competition is not about winning or losing winning but about supporting each other. And that we build with other countries. Like the countries in our regional Southeast Asia, Asian countries, and countries around the world. In relation to ANOC, we will intensively communicate. We are looking for solutions, building communication, and diplomatizing with other countries. That is what I say sports as a unifying medium as well as a media for diplomacy, “Okto said.

April 6, 2023, detikFinance

ADB Lowers Indonesia’s Growth Forecast for 2023-2024

          Indonesia’s economy is expected to grow 4.8 percent in 2023 and 5.0 percent in 2024, which would mark a significant slowdown from the 5.3 percent it achieved last year, according to the latest Asian Development Bank (ADB) assessment.
“Booming commodity exports drove growth to 5.3 percent in 2022, making up for modest domestic demand,” ADB country director for Indonesia Jiro Tominaga said on Tuesday as the multilateral development bank presented its Asian Development Outlook (ADO) for April 2023.
Countries like Indonesia that rely strongly on commodity exports benefited from high prices in 2022 as economies reopened following the COVID-19 pandemic and drove up demand for metals, fossil fuels, and other commodities. Meanwhile, the Russian invasion of Ukraine and other geopolitical developments disrupted the supply of some goods and also contributed to a rise in prices. At the same time, Indonesia recorded a strong rebound in domestic consumer spending as mobility restrictions were gradually lifted, which fueled further acceleration of GDP growth.
“Global headwinds in 2023 are projected to cut export growth, although the current account should continue to be close to balance. But because private consumption accounts for a large share of Indonesia’s economy, as consumer spending further normalizes and benefits from the tapering off of inflation, this should put a floor on growth. Investment, however, is likely to remain modest as businesses wait and see,” Tominaga added.
The report, which was published Tuesday, notes that Indonesia’s public finances improved as a result of last year’s solid performance: “The export boom generated windfall revenues that enabled Indonesia to cut the budget deficit below the statutory ceiling of 3 percent of [GDP], one year ahead of schedule.”
While GDP growth held up well in Indonesia last year, in stark contrast to the significant slowdown logged in many developed and some emerging economies, the country was not left unscathed as global inflation accelerated. Consumer prices jumped, particularly in September 2022, when the government hiked subsidized fuel prices to alleviate pressure on the state budget. “Inflation peaked at almost 6 percent in September, way above the central bank’s 4 percent inflation ceiling,” the report states, although it notes that inflation has been moderating since and is “projected to fall to about 3.5 percent by December and to average 4.2 percent in 2023”.
Beyond the short term, the ADB report states that “a concern for the medium- to long-term is that earnings losses by workers and learning losses by children during the pandemic could reduce potential growth”. The ADB was established in 1966 and is owned by 68 member countries, including 49 from Asia and the Pacific. Its assessment for Indonesia comes just days after the World Bank published a statement saying that it anticipated growth in Indonesia and other countries in the region, aside from China, ” to be moderate”.

April 4, 2023, The Jakarta Post