Indonesian Political, Business & Finance News

Archive: 16 October 2008

4 articles found

Great wall planned to protect domestic industry from imports

Will be interesting to see what materials this so called Great Wall is made of.......... Paper Mache or something a little stronger........

Great wall planned to protect domestic industry from imports

Mustaqim Adamrah and Desy Nurhayati, The Jakarta Post, Jakarta The government has unveiled plans for aggressive nontariff barriers aimed at protecting the domestic industry from an influx of overseas goods in light of slumping exports that will force local companies to rely on domestic demand.

RI, Malaysia sign investment and trade agreement

Kuala Lumpur (ANTARA News) - Indonesia and Malaysia had signed here on Wednesday the first Joint Investment and Trade Committee (JICT) agreement to improve trade and investment between the two countries. The Trade Ministers of the two countries signed the agreement on behalf of their countries. "One of the issues discussed in the meeting is the re-examination of the border trade agreement reached in 1970.

Govt limits import of raw materials for producing consumer goods

Jakarta (ANTARA News) - The Indonesian government decided to limit the import of raw materials for producing consumer goods, particularly those already locally produced. Edy Putra Irawady, deputy for trade and industry of the office of the coordinating minister for the economy, said here on Wednesday the decision would revive domestic industries of raw materials and capital goods especially now that spendings on buying raw materials had been huge.