The Indonesian diplomacy priorities under Minister for Foreign Affairs of the Republic of Indonesia, Retno LP Marsudi as announced in 2019 highlights outward investment as one of the key elements in the Economic Diplomacy. However so far, there were no significant progress on achieving the objective through the Ministry of Foreign Affairs of the Republic Indonesia programes. This paper proposes…
Palm oil is one of Indonesia's main exports to Turkiye. However, Indonesia’s export of palm oil plunged sharply since 2015 due to the conclusion of the Malaysia-Turkiye Free Trade Agreement. Indonesia-Turkiye Comprehensive Economic Partnership Agreement (IT- CEPA) is very important for Indonesia in order to get tariff reduction as well as to boost trade between both countries. Based on the…
Over the last few decades, palm oil has become one of the most important trade goods globally, solidifying its position as an essential global source of food and biofuel. Despite its success, the palm oil industry has faced scrutiny from green activists and consumers, who have blamed its production for fires, forest loss, and worker exploitation. For Indonesia, the palm oil industry is a nation…
Palm oil is the world’s most traded vegetable oil and Indonesia is by far the world’s largest palm oil producers. Palm oil covers an estimated 14.60 million hectares in Indonesia, with total production reached 48.42 million tons in 2019. Palm oil significantly contributes to the economies of Indonesia. It is one of strategic leading export commodity with total export value amounting to 1…