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Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. [1] It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
Manufactured in East java & Bali, Warisan employs over 450 people (including approximately 400 in Indonesia). Warisan uses solid plantation hardwoods from Perum Perhutani (Indonesian government owned and maintained plantations) certificates available. while being able to work with other raw material such as mindi wood, stones, seashells, coconut, bamboo, rattan, and polyrattan.
Shortly after Indonesia proclaimed independence, the organization of the Ministry of Finance was formed and the Customs and Excise was established to be part of the Tax Office. [ 2 ] On 1 October 1946, Sjafruddin Prawiranegara , minister of finance at the time, decide to overhaul organizational structure of the Ministry of Finance.
In 2023, a controversy arose in Indonesia over the import of used Japanese rail units for use in the Commuterline network.. KAI Commuter, intending to import additional used Japanese trains to replace old rolling stock and expand the capacity of the network, failed to secure approval from a number of government bodies such as the Ministry of Industry and the Coordinating Ministry for Maritime ...
Country Imports (millions of $) . Year United States 3,375,948 2022 European Union [n 1] 2,743,745 [3]: 2022 China 2,706,601 2022 Germany 1,571,057 2022 Japan 898,099 ...
Import quotas are usually implemented by awarding licenses to companies or individuals according to a specific catalogue of criteria, either free of charge, for a fee, or in the form of an auction. [4] Importers without licences are not allowed to import at all, [2] or in certain cases, can import only for a very high tariff premium. [5]
Indonesia has announced new incentives to encourage sales of locally produced and imported electric vehicles (EVs), in its latest bid to boost take-up of environment-friendlier cars as well as ...
For the EU, Indonesia is the 24th largest import source (share 0.9%) and the 30th largest export destination (share 0.6%). Inside the ASEAN-region, Indonesia ranks fourth in terms of total trade. The EU is Indonesia's 4th largest trading partner after Japan , China and Singapore , representing almost 10% of its total external trade.
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