Economic diplomacy is a key priority for Indonesia, and the Indonesian Embassy in Moscow has organized the annual Festival Indonesia Moscow to promote trade, tourism, and investment between Indonesia and Russia. Although the festival has increased interest in Indonesian products and attracted Russian tourists, its economic impact remains limited due to insufficient participation from small and …
The COVID-19 pandemic has highlighted the need for Indonesia’s Ministry of Foreign Affairs (MoFA) to strengthen economic diplomacy by facilitating outward investment and protecting Indonesian direct investment enterprises (DIEs) overseas. Using SWOT analysis, surveys, and interviews, this paper evaluates the need for a legal framework to improve investment facilitation, protection, monitoring…
This paper examines strategies to strengthen Indonesia’s economic diplomacy by improving diplomatic personnel capabilities and information and communication technology (ICT) infrastructure. It identifies diplomats’ economic expertise and access to reliable information as key factors in supporting economic diplomacy. The paper recommends providing pre-departure economic diplomacy training, d…
This paper examines the strategies that the Ministry of Foreign Affairs could implement to aid Indonesia’s national tourism recovery following the impact of the pandemic. The tourism sector was hit particularly hard by the pandemic, with Indonesia losing at least IDR 10 trillion in 2020. Recovery efforts were pursued by the government, including Travel Corridor Arrangements (TCAs) and pilot p…
People-to-people (P2P) diplomacy plays an important role in strengthening mutual understanding and supporting bilateral cooperation between Indonesia and Australia. Despite existing initiatives in cultural exchange, language promotion, youth programs, and academic cooperation, public misperceptions and distrust remain challenges to the effective implementation of the Indonesia-Australia Compreh…
Indonesia’s diplomatic missions abroad play an important role in promoting national tourism. However, they face challenges in accessing updated promotional materials, understanding national tourism strategies and branding, and coordinating with the Ministry of Tourism and Creative Economy and provincial governments. This paper aims to identify concrete measures for the Ministry of Foreign Aff…
Despite being the world’s largest Muslim population and the economy with the highest gross domestic product (GDP) among Muslim-majority countries, Indonesia is currently the biggest global halal food market, but nowhere among the major global halal food producers and exporters. The Indonesia Islamic Economic Masterplan (MEKSI) 2019-2024 has outlined a set of strategies to achieve the visi…
This paper examines the role of the Ministry of Foreign Affairs (MoFA) in supporting greater use of the Local Currency Settlement Framework (LCSF), an international monetary cooperation initiated by Indonesia with Malaysia and Thailand in 2017 to reduce dependence on the U.S. Dollar (USD). Data from Bank Indonesia shows that 90% of Indonesia's international trade transactions still use USD, exp…
This paper examines the use of Information and Communication Technology (ICT) in supporting economic diplomacy at the Ministry of Foreign Affairs of the Republic of Indonesia (MOFA RI) as a continuation of the 4+1 foreign policy priorities. Although many digital tools have emerged over the past two decades to facilitate trade and business, economic diplomacy practice remains largely traditional…
This paper examines the potential of Digital Economy Agreements (DEA) as an instrument for Indonesia's economic diplomacy to enhance trade and collaboration in the digital economy. Indonesia's digital economy value is projected to surge by US$ 400 billion by 2030 through DEA, aligning with economic diplomacy objectives to spur economic growth, people's welfare, and national resilience. Countrie…