TheJakartaPost
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Former trade minister Thomas Lembong allegedly incurred Rp 400 billion (US$25.50 million) in state losses for his involvement in a corruption case pertaining to sugar import policy between 2015 and 2016, when he was serving as trade minister under former president Joko "Jokowi" Widodo.
Budi Santoso, who has been promoted from trade secretary-general to minister, is aiming to produce the IEU-CEPA during his first 100 days in office under a new target to conclude talks by the end of this year, the umpteenth deadline announced since negotiations on the deal began in 2016.
Trade Minister Zulkifli Hasan opened virtually the coordinating meeting and technical meeting (Rakornis) of Indonesian trade representatives (Perwadag) abroad, at the Grand Hyatt Melbourne in Australia on Thursday morning. In his speech, the trade minister hoped that every trade representative abroad could increase exports and encourage the realization of the Golden Indonesia vision.
The Trade Ministry says it will conduct a wide-ranging investigation into seven industries that have suffered heavy job losses in recent months, including textiles and apparel, before making any decision on possible protective tariffs.
