Customs and Excise Explains the Chronology of MSMEs Being Billed IDR 118 Million When They Just Want to Export

Customs and Excise Explains the Chronology of MSMEs Being Billed IDR 118 Million When They Just Want to Export

Jakarta – The Directorate General of Customs and Excise (DJBC) of the Ministry of Finance explained the chronology of what happened to one MSME, CV Borneo Aquatic, which received a bill of IDR 118 million when it was about to export for the first time. This fee apparently came from the Temporary Storage Place (TPS) … Read more

The food industry weathers the economic storm, repeating the results of the war in 2024, with export growth of 6.5%.

The food industry weathers the economic storm, repeating the results of the war in 2024, with export growth of 6.5%.

The food industry is connected from the local level, namely farmers, who are producers, to the industrial level, which is the processor. and international trade level They are exporters, so if one sector is affected, other sectors will suffer as well. 3 economic organizations in the field of agribusiness and food Consisting of the food … Read more

EU Proposes New Sanctions Against Russia: Ban on Diamonds and Oil Price Cap

EU Proposes New Sanctions Against Russia: Ban on Diamonds and Oil Price Cap

The European Commission (EC) has proposed new sanctions against Russia over its war in Ukraine, imposing a ban on Russian diamonds and strengthening other measures such as a cap on oil prices, it said, citing EC documents. Politico. Since Russia’s invasion of Ukraine, Brussels has implemented 11 sanctions packages targeting various areas. The latest sanctions … Read more

China Tightens Export Controls on Rare Earths – Impact on Electric Vehicles and Weapons Production

China Tightens Export Controls on Rare Earths – Impact on Electric Vehicles and Weapons Production

China tightens export controls on rare earths, a group of chemical elements essential for producing electric vehicles and some weapons (including missiles), requiring exporters to report their type and destinations. In a note, the Ministry of Commerce specified that the tightening will last two years (October 2023-October 2025). The move, a few days before the … Read more

Lithuania’s Push for Additional Bans in the 12th EU Sanctions Package Against Russia

Lithuania’s Push for Additional Bans in the 12th EU Sanctions Package Against Russia

Lithuania initiates the introduction of additional bans as part of the 12th package of anti-Russian sanctions of the European Union. In particular, Vilnius insists on refusing to supply nails, buttons, sewing needles and knitting needles to Russia. About it informs MIA “Russia Today” with reference to the publication EUobserver, which has read the relevant document. … Read more

Export businesses need to comply with international labor standards

Export businesses need to comply with international labor standards

(PLO)- Vietnamese businesses need to improve their readiness level, proactively learn about labor requirements to take advantage of market opportunities, ensure strict compliance with EU import standards and regulations, America. On October 17, in Hanoi, the Central Institute for Economic Management (CIEM) organized a seminar “Opportunities and challenges for Vietnamese businesses and export supply chains”. … Read more

Russia Temporarily Halts Petrol and Diesel Exports, Impact on Fuel Market and Prices

Russia Temporarily Halts Petrol and Diesel Exports, Impact on Fuel Market and Prices

Jakarta – Russia announced it was temporarily stopping exports of petrol and diesel to all but four countries in the world. This is claimed to be done by the red bear country to stabilize the market. Reporting from Reuters, Saturday (23/9/2023), Russia announced that the ban would take effect in the shortest possible time. However, … Read more

Western Goods Available in Russia Despite Boycott: Impact of Parallel Import Scheme and Luxury Cars Withdrawal

Western Goods Available in Russia Despite Boycott: Impact of Parallel Import Scheme and Luxury Cars Withdrawal

Since Russia’s full-scale invasion of Ukraine on February 24, 2022, more than 1,000 foreign companies have announced their withdrawal from the aggressor country’s market. However, research by The Insider has revealed that, despite this boycott, various Western goods such as luxury cars, alcohol, carbonated drinks and clothing are available for purchase. The Russian government’s decision … Read more

Russian Army Witnesses Surge in Soldier Recruitment as Military Assistance to Ukraine Expands

Russian Army Witnesses Surge in Soldier Recruitment as Military Assistance to Ukraine Expands

Dmitry Medvedev, deputy chairman of the Russian Security Council, said after the Russian army opened up to recruit new soldiers throughout the year. About 280,000 people have already signed up for professional military service with the Russian army. It is part of a new round of military assistance to Ukraine, making the United States the … Read more

The Impact of War and Shipping Challenges on Russia’s Grain Exports

The Russian Federation does not have a sufficient number of sea grain carriers, and the interest of traders in wheat from Russia is falling against the background of the escalation of the war. The lack of ships in the Russian Federation and the decline in the interest of large grain traders in doing business with … Read more