{
    "success": true,
    "data": {
        "id": 1849448,
        "msgid": "indonesia-signs-seven-mous-at-innoprom-2026-1783576212",
        "date": "2026-07-09 09:45:01",
        "title": "Indonesia Signs Seven MoUs at INNOPROM 2026",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia has signed seven memoranda of understanding at the INNOPROM 2026 industrial exhibition in Yekaterinburg, Russia, as part of its strategy to expand domestic industrial markets globally. The Minister of Industry highlighted the country's focus on accelerating downstream processing of critical minerals, advanced manufacturing, and energy. Bilateral trade between Indonesia and Russia has shown significant growth, reaching USD 4.8 billion in 2025.",
        "content": "<p>The Government of the Republic of Indonesia continues to encourage\nthe expansion of domestic industrial market networks onto the global\nstage. This strategic move was evident through Indonesia\u2019s active\nparticipation as a partner country in the INNOPROM 2026 international\nindustrial exhibition held in Yekaterinburg, Russia. \u201cIndonesia brings a\nfirm industrial agenda, namely accelerating downstream processing from\ncritical minerals and advanced manufacturing to energy, food security,\nand industrial estates,\u201d said Minister of Industry Agus Gumiwang\nKartasasmita during his speech at the Business Forum: Russia-Indonesia\nIndustrial Dialogue in Yekaterinburg on Tuesday (7\/7). The Minister\nemphasised that Indonesia is highly optimistic about deepening\ntechnological partnerships with Russia and integrating high-value-added\nmanufacturing into the Eurasian market. The manufacturing or processing\nindustry sector remains the main pillar or backbone of the national\neconomy. According to data from the Central Statistics Agency (BPS), the\nprocessing industry sector recorded positive growth of 5.04 percent in\nthe first quarter of 2026. This growth figure is higher compared to the\nsame period the previous year, which reached 4.55 percent. Furthermore,\nthe processing industry sector contributed the largest share to the\nnational Gross Domestic Product (GDP), reaching 19.07 percent or\nequivalent to Rp1,179.62 trillion. This impressive performance is also\nreflected in investment realisation in the first quarter of 2026, where\nthe processing industry sector contributed up to 36.49 percent, valued\nat Rp182.04 trillion. Beyond capital, this sector also absorbed a\nmassive workforce, totalling 20.04 million people as of February 2026.\nIn international trade, the export contribution of the processing\nindustry dominated at 83.61 percent during the January-February 2026\nperiod, with sales reaching Rp622.68 trillion. Economic relations\nbetween Indonesia and Russia have shown very significant development in\nrecent years. The total value of bilateral trade between the two\ncountries grew by 5.4 percent to reach USD 4.8 billion in 2025. The\nvalue of Indonesian product exports to Russia also surged by 7.5\npercent, totalling approximately USD 1.8 billion in 2025. Indonesia\nregularly exports leading commodities such as rubber, coffee, cocoa,\ntea, footwear, electronic components, and chemical products. Conversely,\nIndonesia imports important commodities from Russia such as fertilisers,\niron, steel, cereals, organic chemicals, and aircraft. The business\nforum focused on three key topics: Joint industrial projects, Investment\nopportunities for industrial companies in Russia and Indonesia, and\nTools and mechanisms to support exporters. \u201cI am confident that today\u2019s\nforum will enable both countries, particularly the industrial sectors,\nto collaborate concretely through the initiation of mutually beneficial\nand sustainable cooperation projects,\u201d the Minister added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-signs-seven-mous-at-innoprom-2026-1783576212",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}