Furniture Association Aims Middle East Over EU Export Market

The Indonesian Furniture and Craft Association (HIMKI) chairman, Abdul Sobur, on Sunday revealed that exports to the European Union market had gone down by 0.1 percent in 2022. He said that this is the reason HIMKI members are now eyeing the Middle Eastern market to revive the Indonesian furniture industry. HIMKI estimates that countries in the Middle East will become the largest furniture market in the world, replacing the European Union, effectively deeming it the current emerging market. “The future Read Full Details…

Electronic invoicing could cut tax losses in international trade

The comprehensive study conducted by Perkumpulan Prakarsa research organization, as quoted on the opinion page of this newspaper on Feb. 20, is yet another illustration of the urgent need for the government to implement electronic invoicing in Indonesia’s international trade. By comparing United Nations Comtrade data on Indonesia’s imports and exports, as reported by Statistics Indonesia, with the same data reported by our trading partners, huge discrepancies have been revealed in just two commodities alone: fish and coal. By calculating Read Full Details…

Indonesia and Malaysia move to secure palm oil exports amid talks of EU deforestation ban

With aims to secure a steady flow of palm oil exports from Asia toward the EU, Indonesia and Malaysia are sending a joint delegation to Europe to gather more information and present their views on the bloc’s future policy regarding the commodity. A new ban on deforestation-linked commodities may block future imports of palm oil from the two countries. All the involved players, Indonesia, Malaysia and the EU, have signaled that the future of free trade for palm oil is Read Full Details…