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View all search resultsJakarta and Washington are looking to sign a bilateral trade agreement by the end of October by ironing out details left open in a handshake deal announced in July. However, the US government shutdown has disrupted the talks.
According to the 2025 state budget, the government has set a Rp 3.08 trillion (US$190.3 million) revenue target from the excise on sweetened beverages, much lower than the Rp 4.3 trillion stipulated in the 2024 state budget.
The industry association has warned that increasing the export levy from currently 7.5 percent to 10 percent next year could make Indonesian CPO less attractive, especially in view of the government’s plan to launch the B40 biodiesel program in January amid stagnant production.
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