The European Union (EU) and Indonesia’s Trade Ministry have cooperated to develop an online portal (www.inatrims.kemendag.go.id/en) in an effort to assist Indonesian businesses that want to export their products to the European Union. This portal website is intended to guide exporting companies by providing various information on relevant market requirements and regulations. The portal - called Indonesia Technical Regulations Information Management System (INATRIMS) - was launched on Thursday (28/08).

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Colin Crooks, Deputy Head of the European Union delegation to Indonesia, Brunei Darussalam and ASEAN, said that Europe's businesses are eager to invest in Indonesia. However, the European Union (EU) hopes that several issues that are blocking the Indonesian economy (particularly related to trade and investments) from growing further are dealt with. Crooks pointed at EuroCham's position papers, which discuss bottlenecks to Indonesia's investment climate and provides recommendations for its improvement.

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Menjelang implementasi rencana aksi Forest Law Enforcement, Governance and Trade (FLEGT) di Uni Eropa (UE) pada 1 April 2016, para negara anggota UE meminta semua produk kayu dan timber yang diekspor dari Indonesia ke UE memiliki sertifikat Sistem Verifikasi Legalitas Kayu (SVLK). SVLK adalah sebuah sistem di Indonesia yang didesain untuk menverifikasi legalitas produk-produk kayunya. Sementara itu rencana FLEGT UE didesain untuk melawan illegal logging dan meningkatkan manajemen hutan di seluruh dunia.

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It seems that the Indonesia Stock Exchange (IHSG) was blessed by the Chinese new year celebrations as it closed higher on Monday than on the previous trading day. This is a better performance than usual on the days around the new year. If we take a look at the period 2008-2012, the IHSG declined three times on the day before new year, and twice on the day after. This year, the IHSG declined on the day before by -0.26% and increased by 0.27 on the day after.

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