{
    "success": true,
    "data": {
        "id": 1728741,
        "msgid": "indonesia-philippines-launch-business-association-to-boost-trade-1778338308",
        "date": "2026-05-09 19:52:48",
        "title": "Indonesia, Philippines Launch Business Association to Boost Trade",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Trade",
        "summary": "Indonesia and the Philippines have launched the Indonesia-Philippines Business Association (IPBA) in Cebu to enhance trade, investment, and business partnerships, marking a significant step in their 75-year bilateral relations. Indonesian Trade Minister Budi Santoso highlighted the association's role in expanding business networks, supporting trade missions and forums, and addressing trade barriers to boost resilience against global challenges. The Philippines, a key trading partner and eighth-largest destination for Indonesian exports valued at USD 10.22 billion in 2025, offers strong potential for products like metal ores and vegetable oils.",
        "content": "<p>Indonesia, Philippines Launch Business Association to Boost Trade<\/p>\n<ul>\n<li><p>09 Mei 2026 12:54 WIB<\/p><\/li>\n<li><p>Voice of Indonesia<\/p><\/li>\n<\/ul>\n<p>Key Points<\/p>\n<ul>\n<li><p>The Indonesia-Philippines Business Association (IPBA) was\nlaunched to strengthen trade, investment, and business\npartnerships.<\/p><\/li>\n<li><p>The new association will support trade missions, business forums,\nand market expansion for Indonesian products in the\nPhilippines.<\/p><\/li>\n<\/ul>\n<p>RRI.CO.ID, Jakarta - Indonesia and the Philippines are strengthening\neconomic cooperation through the launch of the Indonesia-Philippines\nBusiness Association (IPBA) in Cebu, the Phillipines.<\/p>\n<p>Indonesian Trade Minister Budi Santoso described the initiative as a\nnew chapter in expanding trade, investment, and business partnerships\nbuilt on 75 years of bilateral relations.<\/p>\n<p>\u201cWe hope IPBA will become a strategic gateway for business players\nfrom both countries to encourage stronger trade, investment, and\nbusiness partnerships,\u201d Minister Budi said in a statement issued in\nJakarta on Saturday, May 9, 2026, as quoted by Antara.<\/p>\n<p>The association\u2019s establishment was initiated by Indonesia\u2019s Trade\nAttache in Manila in mid-2024. According to Minister Budi, IPBA is\nexpected to expand business networks and maximize bilateral trade\ncooperation to increase total trade flows between the two countries.<\/p>\n<p>The minister said the association would also help advocate for\nbusinesses facing trade barriers to ensure smoother commercial\nexchanges. \u201cTrade diversification will make us more resilient in facing\nglobal challenges,\u201d he said.<\/p>\n<p>IPBA will support the promotion of Indonesian products through trade\nmissions, business forums, and business matching activities connecting\ncompanies with potential Philippine buyers, distributors, importers, and\ninvestors.<\/p>\n<p>The Philippines is one of Indonesia\u2019s key trading partners and ranked\nas the eighth-largest destination for Indonesian exports in 2025, with\nexport value reaching USD 10.22 billion.<\/p>\n<p>Indonesia is also the fourth-largest supplier of imports to the\nPhilippines. Products with strong market potential in the Philippine\nmarket include metal products, metal ore concentrates, and vegetable\noils. ***<\/p>\n<p>Kata Kunci \/ Tags<\/p>\n<p>News Recomendation<\/p>\n<p>Loading latest news\u2026..<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-philippines-launch-business-association-to-boost-trade-1778338308",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}