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Indonesia Issues Mandatory L/C Rules for Four Import Products

JAKARTA (TheInsiderStories) - Indonesia's Ministry of Trade (MoT) issues Ministerial Regulation Trade Number 94 Year 2018 concerning the provisions on the use of letters of credit (L/C)...

Indonesia Posts $670 Million Trade Deficit in January

JAKARTA (TheInsiderStories) - Indonesia posted a trade deficit of US$ 670 million in January of 2018, swinging from a $1.43 billion surplus in the...

Policy Review: Mandatory Use of Local Vessels May Hurt Exports

JAKARTA (TheInsiderStories) – The Ministry of Trade is most likely to move ahead with its plan to require the use of Indonesian-flag vessels in...

President Moves to Lift Indonesia’s Export Values

JAKARTA (TheInsiderStories) – Indonesia’s lingering suppressed value of trade has sparked concerns. During the opening of a Trade Ministry meeting Wednesday (31/1), President Joko Widodo expressed his...