Saturday, September 6, 2025
No Result
View All Result
Indonesia Sentinel
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
No Result
View All Result
Indonesia Sentinel
No Result
View All Result
ADVERTISEMENT
Home Economic

Indonesia-Malaysia Renew Border Trade Agreement

by Becky
2023-06-09
in Economic, News
A A
Zulkifli Hasan
Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Putrajaya – Indonesian Trade Minister Zulkifli Hasan and Malaysian Investment, Trade and Industry Minister Tengku Zafrul Aziz signed the renewal of the Indonesia-Malaysia Border Trade Agreement (BTA) in Kuala Lumpur, Malaysia, on Thursday (8/6).

Since the BTA first came into force on August 24, 1970, the BTA has been renewed in consideration of the latest conditions and changes, including meeting the needs of the community, regulating mechanisms, and increasing supervision of its implementation.

The first review of the BTA was conducted on July 21-22, 2009 in Bandung, until finally reaching an agreement in substance at the 8th meeting on March 21, 2022.

RelatedPosts

Over 30 Dutch Investors Ready to Develop Modern Agriculture in Indonesia

Heavy Rainfall Affects Airport Operations in Bali, Seven Flights Diverted

The signing was carried out at Perdana Putra, Putrajaya, and witnessed directly by Indonesian President Joko Widodo and Malaysian Prime Minister Anwar Ibrahim. Both countries welcomed the signing of this agreement which is expected to provide great benefits for the people of the two countries who live in border areas.

ADVERTISEMENT

“Indonesian citizens living on the RI-Malaysia border are an inseparable part of this country. Therefore, the President is very pleased with the completion of the BTA renewal which is expected to help fulfill the needs of our citizens living on the border,” said Trade Minister Zulkifli Hasan.

Going forward, the follow-up to the completion of this agreement requires attention, especially in terms of ratification, socialization, and supervision of its implementation. For this reason, good cooperation between the central government and local governments is needed.

“After the enactment of this update, it is necessary to socialize it to the border communities so that they can understand and make good use of it. In addition, all levels of stakeholders are expected to jointly supervise its implementation. I hope that the central and regional governments can synergize in both matters,” added Trade Minister Zulkifli Hasan.

Meanwhile, Director General of International Trade Negotiations of the Ministry of Trade Djatmiko Bris Witjaksono stated that the BTA is different from forms of trade cooperation such as the Free Trade Agreement, although both countries are members of ASEAN which should apply zero percent duties.

“Factually, if we are only limited to looking within the framework of the ASEAN scheme, then the import duty on goods from Indonesia-Malaysia should be zero percent.However, the BTA provides several exceptions to the export and import provisions with the aim of not burdening our people at the border,” said Djatmiko.

After the signing, the two countries will continue the ratification process in accordance with the applicable provisions in each country before the BTA is enacted and can facilitate the people at the border.

Indonesia-Malaysia Trade Overview
In January-March 2023, the total trade between Indonesia and Malaysia reached USD 6.14 billion. Meanwhile, the total trade between the two countries in 2022 reached USD 27.8 billion. There was an increase in total trade of 30.37 percent compared to 2021. During 2022, Indonesia’s exports were recorded at USD 15.4 billion and Indonesia’s imports at USD 12.4 billion. Indonesia recorded a surplus of USD 2.9 billion against Malaysia.

Indonesia’s main export commodities to Malaysia are coal; palm oil; petroleum; industrial monocarboxylic fatty acids. Meanwhile, Indonesia’s main import commodities from Malaysia are petroleum; acyclic hydrocarbons; polymers; machinery and mechanical equipment, and acyclic alcohols.

Tags: Djatmiko Bris WitjaksonoTengku Zafrul AzizZulkifli Hasan
ADVERTISEMENT

Related Posts

Indonesia Protests

Indonesia Responding the U.N Human Rights Office Calls, Vows Transparent Probe Into Protests Rights Violations

2025-09-05

Jakarta, Indonesia Sentinel -- Indonesia Foreign Ministry said investigations into alleged violations during recent protests will be carried out transparently,...

Investor Indonesia

Airlangga Reassure Investors, Says Ongoing Protests Won’t Affect Indonesia Long-Term Economy

2025-09-03

Jakarta, Indonesia Sentinel -- Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto said that a wave of demonstrations across the...

Halim Sanusi University Rector

Ir. Setiadi Yazid Appointed as Rector of Halim Sanusi University Bandung

2025-09-02

Jakarta, Indonesia Sentinel -- Halim Sanusi University (UHS) in Bandung has officially reappointed Ir. Setiadi Yazid, M.Sc., Ph.D., as rector...

Lembang Fault

West Java’s Lembang Fault Activity Rises, Scientists Warn of Potential Magnitude 7 Earthquake

2025-08-27

Bandung, Indonesia Sentinel -- Indonesia’s National Research and Innovation Agency (BRIN) has warned that the Lembang Fault in West Java...

Indonesia Launches New Mineral Industry Agency to Oversee Rare Earth Resources

Indonesia Launches New Mineral Industry Agency to Oversee Rare Earth Resources

2025-08-27

Jakarta, Indonesia Sentinel -- President Prabowo Subianto inaugurated the country’s newly established Mineral Industry Agency, a body tasked with managing...

Textile sector mass layoffs

Anti-Dumping Duty Could Trigger Mass Layoffs in Indonesia’s Textile Sector, 40 Thousands at Risks

2025-08-25

Jakarta, Indonesia Sentinel -- Indonesia’s Ministry of Industry has warned of potential mass layoffs in the country’s textile sector, saying...

Measles Outbreak Sumenep

Measles Outbreak Hits Sumenep, Over 2,000 Infected and 17 Children Dead

2025-08-25

Jakarta, Indonesia Sentinel -- A measles outbreak has hit Sumenep Regency in Madura, East Java, prompting the provincial government to...

Illegal Secondhand Clothing Imports

Indonesia Seizes Rp112 Billion worth of Illegal Secondhand Clothing Imports in Bandung

2025-08-21

Jakarta, Indonesia Sentinel -- Indonesia’s Trade Ministry has seized thousands of bales of illegal secondhand clothing imports worth Rp112 billion...

Benchmark Interest Rate

Bank Indonesia Cuts the Benchmark Interest Rate to 5%

2025-08-21

Jakarta, Indonesia Sentinel -- Bank Indonesia (BI) has decided to further lowering its benchmark interest rate or BI Rate by...

QRIS Japan

QRIS Digital Payment System Officially Available in Japan, Indonesia Eyes China Next

2025-08-19

Jakarta, Indonesia Sentinel -- Bank Indonesia (BI) has officially announced that its Quick Response Code Indonesian Standard (QRIS) can now...

Load More
Next Post
Zulkifli Hasan

Meeting Indonesian Diaspora in Malaysia, Minister of Trade: Be Proud to Be Indonesian

Popular

  • yandex

    How to Watch Viral Video on Yandex: What You Need to Know

    0 shares
    Share 0 Tweet 0
  • The Joyoboyo Prophecy: Historical Roots and Modern Resonance in Indonesian Society

    0 shares
    Share 0 Tweet 0
  • 15 Indonesian Provinces Lead in Sex Worker Locations, West Java Ranks First!

    0 shares
    Share 0 Tweet 0
  • Suku Mante, Mysterious Tribe Living in the Vast Forests of Aceh

    0 shares
    Share 0 Tweet 0
  • One Piece Pirate Flag Rises Across Indonesia Ahead the Independence Day

    0 shares
    Share 0 Tweet 0

Recommended

Boyolali Milk

Milk Bath-Dumping 50.000 Liters, Hundreds of Dairy Farmers Protest in Boyolali

10 months ago
Import Tariffs

Indonesia Continue Negotiations with U.S., Secure 0% Import Tariffs on Several Essential Commodities

2 months ago
ADVERTISEMENT

Indonesiasentinel.com is an independent online news portal committed to providing accurate, in-depth, and up-to-date news about Indonesia. Since 2021, we have been a trusted source for millions of readers seeking relevant and reliable news.

Part of:

Information Page

  • About
  • Editorial
  • Privacy Policy
  • Disclaimer
  • About
  • Editorial
  • Privacy Policy
  • Disclaimer

Contact

  • contact@indonesiasentinel.com
© 2021 Indonesia Sentinel

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science

© 2024 Indonesia Sentinel