Senior UK officials explore cooperation in trade and transport, realizing the 2022-2024 UK-Indonesia Partnership Roadmap.
The European Union's anti-dumping regulation pressures Indonesia's stainless steel exports. It has become the EU's latest leverage for Indonesia to cancel its mineral export bans.
A total of Rp 280 trillion of tax were restituted or refunded last year, an increase of 42.99 percent from the same period in 2021.
South Korea plans to make Indonesia a production base in ASEAN as the two countries eliminated most tariffs, including for auto parts and steel.
President Joko Widodo has signed a Presidential Regulation on the ASEAN Trade in Services Agreement (ATISA).
Indonesia and Saudi Arabia signed eight trade agreements worth more than US$155.7 million.
The Ministry of Investment noted that investment in 2022 exceeded the target, thanks to mineral processing projects, especially nickel.
President Joko Widodo urged regional governments to revamp spatial planning and building permits to expedite the investment licensing process.
Indonesia's plans to expand the DHE policy to the manufacturing sector may strengthen the rupiah. Other supporting factors are US' monetary policy which stops raising interest rates, and China's expected economic recovery increasing foreign funds inflows.
Statistics Indonesia noted that the poverty rate increased in March-Sept 2022. Conditions will get worse if inflation in 2023 goes uncontrollable.