3 hours ago
8
February 25, 2025 | 12:55 pm
TEMPO.CO, Jakarta - The Ministry of Trade has signed a memorandum of understanding (MoU) with the Ministry of State-Owned Enterprises (SOEs) to support micro, small, and medium enterprises (MSMEs) in expanding into global markets. Deputy Minister of Trade Dyah Roro Esti Widya stated that the collaboration aims to enhance the international competitiveness of MSME products and facilitate their marketing abroad.
"We have set an export target for MSMEs in 33 countries, aiming for US$18.84 billion in 2025," Roro said on February 24. At an exchange rate of Rp16,311 per US dollar, this target amounts to approximately Rp307 trillion.
This goal represents an increase from the previous year’s MSMEs export realization, which grew by 12.54% to around Rp268.76 trillion.
"This is our target, and through this collaboration, we hope to foster the innovations needed for MSMEs," she added.
Roro underscored the synergy between the two ministries in fostering MSMEs growth, particularly given the sector's 61% contribution to Indonesia’s GDP in 2024. She emphasized that MSME products must meet higher standards to access international markets, and the Trade Ministry's 33 overseas representative offices are actively analyzing market potential.
Roro added that she wants the Ministry of Trade and the Ministry of SOEs to work together in identifying markets for MSME products, with key export targets including Southeast Asian countries and Australia. The Trade Ministry, she said, will play a pivotal role in market research and business-matching initiatives, connecting MSMEs with potential buyers.
According to Roro, the Ministry of Trade routinely organizes business-matching events between MSMEs and representatives in 33 countries. "Through this collaboration, we hope SOEs can provide the necessary support to strengthen MSMEs and help them gain a foothold in global markets," she concluded.
Editor’s Choice: Two Pertamina-Supported MSMEs Export Tea, Honey to the Philippines for the First Time
Click here to get the latest news updates from Tempo on Google News
Rupiah Closes Stronger at Rp16,278 per US Dollar Amid Danantara Sentiment
19 jam lalu
Despite the launch of Danantara bringing fresh air to the national economy, the rupiah is expected to face volatility shortly.
Here's the List of 7 State-Owned Enterprises to Join Danantara
1 hari lalu
Here is a brief profile of the seven state-owned enterprises (SOEs) which assets are expected to be managed by Danantara.
Prabowo's Danantara: The Purpose and Function
1 hari lalu
Danantara was formed as a commitment by Indonesian President Prabowo to optimize state investment management.
Prabowo Signs Presidential Decree of Danantara Advisory Board and Management
1 hari lalu
President Prabowo Subianto has signed the presidential decree regarding the structure of the Advisory Board and management of Danantara funds.
Two Pertamina-Supported MSMEs Export Tea, Honey to the Philippines for the First Time
1 hari lalu
Two Pertamina-supported MSMEs, Made Tea and Bali Honey, are exporting their products for the first time to the Philippines.
Prabowo to Launch Danantara at the Presidential Palace in Jakarta Tomorrow
1 hari lalu
The launch of Danantara was announced by Prabowo in his speech at the World Governments Summit 2025. It will manage a US$900 billion asset under management.
Indonesia Lags Behind Malaysia, Thailand in Entrepreneurship Ratio, Says Trade Minister
3 hari lalu
Indonesia's entrepreneurship ratio stands at only 3.4 percent, falling behind Malaysia, Thailand, and Singapore.
Indonesia Official Says No Discussion of Palm Oil Export Restrictions Ahead of Ramadan
3 hari lalu
Trade Ministry official said the government has not held discussions on restricting palm oil exports.
China's Hopes to be Ukraine Peacemaker Collide with Its Goals on Trump, Trade
3 hari lalu
China's priorities are clear: it is focused on repairing its economy and trying to hammer out a deal with U.S. President Donald Trump.
Indonesia Could Face 10-20% U.S. Tariffs Due to Lack of Trade Deal, Says Minister
4 hari lalu
Coordinating Minister Airlangga Hartarto stated that Indonesia does not have a free trade agreement (FTA) with the United States.
