Foreign Ministry Responds to Indonesia Imposing High Tariffs on Chinese Goods
A journalist inquired about recent media reports claiming that Indonesia would impose high tariffs on imported Chinese goods. Coordinating Minister Luhut, Indonesia's lead coordinator for cooperation with China, recently clarified publicly, stating that China is Indonesia's most important strategic partner in trade and investment, and the two countries share a common destiny. Amid the current turbulent international situation, Indonesia will never blindly follow trends or take sides. Indonesian Trade Minister Zulkifli also stated in an interview that the Ministry of Trade is conducting trade remedy investigations on seven product categories, including ceramics and textiles, and will decide whether to impose tariffs based on the results. The imposition of safeguard tariffs applies to all countries, not specifically targeting any particular nation.
Leading Chinese State-Owned Enterprise Supports AI Development in Indonesia
Indonesian Minister of Manpower Appreciates Chinese Companies for Complying with Indonesian Regulations
Indonesia's red chili stock is expected to remain at a low level
Indonesia's plan to impose a 200% tariff on Chinese imports is still under discussion
China and Indonesia Strengthen Cooperation in Human Resources Sector
The Minister of Manpower is exploring opportunities to transfer productive-age human resource capabilities from China. During a working visit to the Shanghai International Training Center (SITC) on Friday, she discussed potential cooperation. Indonesia will collaborate with SITC, with a special focus on competency-based training at all community vocational training centers in Indonesia. She outlined several potential initiatives to be carried out by both parties, namely supporting instructor training at the Central Technical Implementing Agency (UPTP) and the UPTP Vocational and Productivity Training Center (BPVP). Other collaborations will include
Indonesia Completes World's Largest Copper Smelter, Strengthening Mining Industry Leadership
Indonesia has established itself as a global leader in the mining industry by building the world's largest copper smelter, recently inaugurated by PT Freeport Indonesia in Gresik, East Java. The smelter is not only the largest of its kind but also a symbol of Indonesia's serious commitment to optimizing its natural resources. Covering 100 hectares, the smelter can process 1.7 million tons of copper concentrate annually. Featuring the world's largest single-line design, it produces 600,000 tons of cathode copper per year, along with substantial quantities of valuable by-products such as gold, silver, sulfuric acid, and gypsum. This initiative aligns
GAC Aion to Launch Three Electric Vehicles in Indonesia This Year
【Kompas News】On July 6, 2024, Aion announced the launch of three new electric vehicles in the Indonesian market by the end of this year. Aion is a company dedicated to the production and sales of electric vehicles, and these new models aim to meet the growing demand of Indonesian consumers for eco-friendly and high-tech vehicles. The three models are the Aion S, Aion Y, and Aion LX. The Aion S is a sedan with stylish design and excellent performance, suitable for city commuting. The Aion Y is a compact SUV with
Indonesia Denies Imposing 200% Import Tariff on China
【Antara News Agency】The Indonesian government has denied allegations of imposing a 200% import tariff on China. The Ministry of Finance stated that the government's import tariff policy does not target any specific country but is based on commodity types and economic interests. A spokesperson for the Ministry of Finance said that the recent tariff adjustments are aimed at protecting domestic industries, especially the steel sector, from unfair competition. The policy complies with WTO regulations and international trade norms. The Ministry of Finance emphasized that Indonesia's trade relations with China remain stable, with extensive cooperation across multiple sectors.
Chinese Company Sets Global Record for Largest Single Excavator Order in Indonesia
Jhonlin Group, a company owned by Andi Syamsuddin Arsyad (also known as Haji Isam), purchased thousands of excavators from Chinese heavy equipment manufacturer SANY Group. The purchase was made directly by Haji Isam in Shanghai, China, on Wednesday, June 26, 2024. The purchase volume of heavy equipment reached 2,000 units, enabling Jhonlin Group to set a world record for the largest excavator order. Jhonlin Group is a holding company engaged in mining, oil, agribusiness and
Economists Question High Tariffs on Chinese Imports
Economic observers have found that Indonesia is often flooded with imports from China, threatening domestic industries, but imposing import tariffs as high as 200% is considered not a solution. The Executive Director of the Center for Economic Reform (CORE) stated that the existence of the ASEAN-China Free Trade Agreement (ACFTA) is one of the reasons for the increased influx of Chinese imports into ASEAN, including the Indonesian market, since 2019. Since its implementation in 2016, many imported products from China have been subject to very low import tariffs in the domestic market. Indonesia is bound by ACFTA, which has led to an influx of Chinese products over the past 10 years
Shopkeeper Says: Will Indonesia's Up to 200% Tariffs Be Implemented?
According to a report from Indonesia's national news agency, on June 28, Indonesian Trade Minister Hasan told the media that to protect the domestic manufacturing industry, new trade regulations would be introduced within the next one to two days, imposing tariffs of 100%-200% on imported consumer goods and finished products including cosmetics, textiles, clothing, shoes, and ceramics. This news quickly attracted great attention from related practitioners. Shopkeeper Wang tries to interpret it for everyone. First, the change in Indonesia's trade policy actually began in September 2023 when the Indonesian President ordered the rectification of low-priced products on e-commerce platforms.