Indonesian Industry Reacts to Anti-Dumping Duties on Chinese Ceramic Imports
Indonesia has officially imposed additional anti-dumping import duties (BMAD) on ceramic tile products imported from China. This policy was determined by the Minister of Finance through the issuance of Minister of Finance Regulation (PMK) Number 70 of 2024 concerning the imposition of anti-dumping import duties on ceramic tile products imported from China. The PMK was signed by the Minister of Finance on October 9, 2024, and takes effect 10 days after its promulgation on October 14, 2024, specifically on October 24, 2024. The PMK is valid for 5 years. The General Chairman of the Indonesian Ceramic Industry Association (ASAKI) stated that the introduction of BMAD will mark the beginning of the revival of the national ceramic industry, which has suffered severe damage over the past decade due to dumping practices, leading to the closure of many factories and a decline in the utilization rate of national ceramic products. Meanwhile, the BMAD rate did not reach the 100% figure predicted a few months ago. Although the set BMAD rate is only around 35% to 50%, Asaki remains positive, noting that this is still lower than the hoped-for rate of over 100%, as seen in other countries like Mexico and the United States. The current hope of business participants is to extend the safeguard import duties so that they can take effect on schedule in November to complement the BMAD percentage.
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Ambassador Wang Lutong Attends the First Anniversary Celebration of the Jakarta-Bandung High-Speed Railway Operation
On October 17, Ambassador Wang Lutong attended the celebration of the first anniversary of the official operation of the Jakarta-Bandung High-Speed Railway and the 9th anniversary of the establishment of PT Kereta Cepat Indonesia China (KCIC) and delivered a speech. Present at the event were Indonesian Minister of Transportation Budi, Deputy Minister of Manpower Nur, KCIC President Director Dwiyana, and PT Kereta Api Indonesia (KAI) President Director Didik. In his speech, Ambassador Wang stated that under the personal attention of the two heads of state and the joint efforts of the builders and operators of the China-Indonesia high-speed railway, the Jakarta-Bandung High-Speed Railway has been operating safely, efficiently, and continuously, with its comprehensive benefits gradually emerging. The successful operation of this railway not only symbolizes
Indonesian Ministry of Industry Imposes Mandatory Standard Certification on 16 Products
The Minister of Industry has issued a new regulation mandating the implementation of Indonesian National Standards (SNI) for 16 industrial products, aiming to provide quality assurance to the public. The regulation, included in the Minister of Industry Regulation (Permenperin) plan, governs the conformity assessment process, which includes inspection and testing of products that have a significant impact on safety, security, health, and the environment. This is a crucial tool to ensure that industrially manufactured products meet established standards. To support the implementation of the 16 regulations, a responsible party has been appointed. A total of 20 Product Certification Bodies (LSPro) and 28 testing laboratories, as Conformity Assessment Bodies (LPK), have stated that LPK plays an important role in ensuring that products circulating in the market comply with applicable requirements. Furthermore, the Head of the Industrial Services Standardization and Policy Agency (BSKJI) of the Ministry of Industry stated that the 16 new ministerial regulations aim to regulate products such as prestressed steel wire, calcium carbide, valves, stoves, LPG gas stove hoses, ceramic tiles, sling sprayers, safety shoes, sodium tripolyphosphate, aluminum sulfate, zinc oxide, and cement.
Indonesia Achieves IDR 479 Billion in Transactions at China Exhibition
At the 21st China-ASEAN Expo (CAEXPO) held at the Nanning International Convention and Exhibition Center (NICEC) in China from September 24 to 28, 2024, Indonesia recorded potential transactions worth IDR 479 billion. The Director of National Export Development at the Indonesian Ministry of Trade stated that among the potential transactions of this value, the demanded products include palm oil, coconuts, cloves, coffee, tropical fruits, handicrafts, instant noodles, and processed foods. They are proud of the transaction results achieved, which clearly demonstrate the great potential of Indonesian products. They hope that the success of this exhibition
Jokowi Actively Develops Indonesia's Nickel Mining Downstream Industry
One of the achievements of the Jokowi administration is the downstream mining industry. This program has become Indonesia's backbone and has successfully increased the added value from raw mining production to finished goods. Therefore, it is understandable that Indonesia has ultimately reaped a windfall several times over from this downstream project. Now nickel exports are valued at US$34 billion, jumping from around IDR 33 trillion to approximately IDR 510 trillion. The success of domestic nickel downstream stems from the ban on nickel ore exports abroad since 2020, which has not been without challenges. This export ban policy has also faced international resistance, including a challenge from the European Union (EU) at the World Trade Organization
Indonesian Company Partners with Nord and Sinoron to Develop Copper Foil Ecosystem
State-owned enterprise (BUMN) PT Industri Battery Indonesia (IBC), which is involved in the electric vehicle battery ecosystem, has officially partnered with Nord Investment Co., Ltd. and China Sinoron International Construction Company (SINORON) by signing a Memorandum of Understanding (MoU) for a cooperation agreement. Nord is one of the world's largest copper foil producers. This collaboration is a strategic move by IBC to encourage copper downstream projects, particularly in using cathode copper as raw material for copper sheets (copper foil) used in battery anodes and electronic PCBs. PT Industri Battery Indonesia (IBC
Newly appointed Chinese Ambassador to Indonesia Wang Lutong arrives in Indonesia to assume duties
On the evening of October 12, 2024, the newly appointed Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Republic of Indonesia, Wang Lutong, arrived in Indonesia to assume his duties and delivered a written speech at the airport. Ambassador Wang stated that he was honored to be appointed by President Xi Jinping as the 14th Ambassador of the People's Republic of China to the Republic of Indonesia. Indonesia is a beautiful "Thousand Islands" country, an important member of ASEAN, and the birthplace of the Bandung Spirit. China and Indonesia are friendly neighbors and comprehensive strategic partners. Under the strategic guidance of the two heads of state, China-Indonesia relations have always maintained a high level of operation. The building of a China-Indonesia community with a shared future has entered a new stage of "real picture". Political mutual trust between the two countries continues to deepen, practical cooperation yields fruitful results, and people-to-people and cultural exchanges are increasingly active. As both large developing countries and emerging market economies, the two countries share similar positions on international and regional affairs and cooperate closely, injecting stability and positive energy into the world. China will continue to support and walk hand in hand with Indonesia on the path of achieving their respective modernization and national rejuvenation, and lead the long-term stable development of bilateral relations by jointly building a China-Indonesia community with a shared future.
Chinese company obtains Indonesia's first certification for laterite nickel ore processing and smelting
PT Huayue Nickel Cobalt, a subsidiary of Huayou in Indonesia, is a laterite nickel ore processing and refining industrial company in Indonesia. It is the first company to obtain the ISO 37301:2021 certificate through compliance management system audit. This certification was obtained on August 30, 2024, making Huayou the first company in Indonesia's laterite nickel ore processing and refining industry to receive this certification. The audit also evaluated several areas, including corporate governance, export regulations and economic sanctions, anti-bribery and anti-corruption, etc. ISO 37301:2021 is a