Head of Indonesia’s National Food Agency (Bapanas) Arief Prasetyo Adi said on January 10 that the country plans to export corn to Vietnam, the Philippines, and Malaysia in 2023.
Despite impacts caused by COVID-19 pandemic and natural disasters in two years, two-way trade between Vietnam and Laos has regained its growth momentum.
Indonesia’s export in 2022 spruced a growth of 29.4 percent worth US$268 billion (Rp4,144 trillion) which was contributed by exports of commodities of steel, fossil fuel, and crude palm oil or CPO.
2023 will be a tough year for ASEAN as the bloc may face many challenges in the time to come.
The Philippines has recently allowed full foreign ownership of renewable energy projects.
Major ASEAN economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals, according to Singapore-based United Overseas Bank (UOB).
Observers say that member nations of regional grouping Asean should be adopting the Asean Taxonomy. Interoperability is key if countries were to launch their own taxonomies.
He said the interest is in sectors including electronics, healthcare, waste management, construction, and asset.
<p>Time: 2024 By: Ministry of Industry and Trade</p>
