A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America.
The Indonesian government has announced that it expects the value of exports to grow by 12.8% in 2023, much lower than the growth of 29.8% in 2022.
The Covid-19 pandemic and geopolitical tensions have disruptions global value chains. This has proven to be both a boon and bane for ASEAN.
Singapore and other Southeast Asian economies can continue to prosper even in a divided world if they succeed in striking a balanced relationship with major economic powers.
Malaysia aims to boost bilateral trade with neighboring Indonesia including cross-border investments in a number of key sectors.
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.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
