Click Here to View the Criteria and Procedures<\/a><\/p>\nFor English: Once on the page click the English flag (Union Jack) in the upper right corner.<\/em><\/p>\nEconomic<\/strong><\/h3>\n\u00b7\u00a0\u00a0\u00a0\u00a0 GSP Renewed: <\/strong>The US Trade Representative\u2019s Office (USTR) ended its 2-year review of trade benefits extended to Indonesia under a trade boosting program, generalized system of preferences (GSP), with no change in benefits.\u00a0At issue were market access for US horticultural products (fruits), free flow of data across borders, availability of US reinsurance products (elimination of requirements to use local companies), openness to investment.\u00a0GSP gives Indonesia\u2019s manufactured products (but not garments) lower duty.\u00a0Indonesia\u2019s desire to attract manufacturing\u2014especially US production from China\u2014will be assisted by this decision. According to deputy foreign minister Mahendra Siregar, the ambition of the government is to double U.S.-Indonesia trade in the next five years to US$60 billion, while simultaneously encouraging U.S. investment. GSP covers approximately $2 billion of Indonesia\u2019s exports, depending on the year.<\/p>\n\u00b7\u00a0\u00a0\u00a0\u00a0 Manufacturing:<\/strong> The manufacturing sector in Indonesia continued to contract, albeit at a slower pace, the latest survey from IHS Markit revealed on Monday (11\/1) with a manufacturing PMI score of 47.8. An increase from 47.2 in September, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.<\/p>\n\u00b7\u00a0\u00a0\u00a0\u00a0 Transportation:<\/strong> Indonesia\u2019s capital city Jakarta has come out as the winner of the global 2021 Sustainable Transport Award (STA) for its ambitious integrated public transportation programs. Indonesia is the first-ever Southeast Asian country to have received the prestigious award.\u00a0The city will be honored at a ceremony in Washington, DC, in January 2021.<\/p>\n\u00b7\u00a0\u00a0\u00a0\u00a0 Minimum Wage Increase<\/strong>: Jakarta will increase minimum wages next year for select businesses despite a government advisory to keep pay unchanged to avoid further job losses during the pandemic. The monthly minimum wage will rise by 3.27% to 4.42 million rupiah (US$302) in 2021 for workers in businesses less impacted by the virus outbreak, according to Governor Anies Baswedan. The condition is that they should be able to operate as usual and help support economic growth in the city.<\/p>\n\u00b7\u00a0\u00a0\u00a0\u00a0 Omnibus Jobs Bill Signed: <\/strong>On November 2 the bill was signed by President Jokowi. Protestors from 32 labor unions, such as the Confederation of Indonesian Trade Unions (KSPI), All-Indonesia Workers Union Confederation (KSPSI) and the Indonesian Metal Workers Federation (FSPMI) gathered near the Presidential Palace on Monday (11\/2). Protesters demanded that the government revoke the law and raise minimum wages for 2021, despite several provinces\u2019 announcement to keep the wage floor unchanged in 2021 due to the country’s difficult economic situation amid the coronavirus emergency.<\/p>\n(sources: International and Indonesia news media, Bali Update (from balidiscovery.com), Reformasi Weekly)<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n[\/fusion_text][\/fusion_builder_column][\/fusion_builder_row][\/fusion_builder_container]<\/p>\n","protected":false},"excerpt":{"rendered":"
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