Indonesia normalizes fisheries and coffee agreements

This position is expected to help increase the Southeast Asian nation’s coffee exports and stabilize coffee prices, thus contributing to improved farmer welfare.

This agreement signed with the ICA is an important step for Indonesia’s membership in the ICO and an important step forward to raise the future position of its coffee in the international market.

The ICA is an international commodity agreement between coffee-producing and consuming countries. First signed in 1962, it originally aimed to maintain exporting countries’ quotas and keep coffee prices high and stable in the market, mainly using export quotas to guide the price.

The Indonesian state is the 10th of the 49 ICO members to sign the ICA 2022. Previously, eight exporting countries – Brazil, Costa Rica, Nicaragua, Peru, Togo, Venezuela, Panama and Colombia – and one importing country – Japan – had signed the agreement.

https: img.okezone.com content 2023 03 09 320 2777916 international-coffee-agreement-mendag-ini-langkah-maju-bagi-kopi-indonesia-JySYbhDkFI.jfif

Mendag Teken Persetujuan Kopi Internasional di Inggris. (photo: Okezone.com/Kemendag)

Indonesia takes a stand on fishing quotas.

The Indonesian minister said at the 2023 technical meeting on monitoring marine and fishery resources on March 7 that “the policy was ratified one day earlier.

The minister, Sakti Wahyu Trenggono delegated the director general of fisheries to formulate the regulations derived or technical of this policy, which is necessary to maintain the sustainability of marine organisms.

There are three types of quotas are detailed in the measured fisheries policy, namely the fishing quota for fishermen; the quota for near-shore residents; and a quota for education, training and services.

It also defines that there are 11 fishing zones and six areas in the Indonesian territory.

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Indonesia normalizes fisheries and coffee agreements

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The Indonesian government delegated its trade minister, Zulkifli Hasan, to sign the International Coffee Agreement (ICA) 2022 at the International Coffee Organization (ICO) secretariat in London, UK, on March 8. This position is expected to help increase the Southeast Asian nation's coffee exports and stabilize coffee prices, thus contributing to improved farmer welfare. This agreement signed with the ICA is an important step for Indonesia's membership in the ICO and an important step forward to raise the future position of its coffee in the international market. The ICA is an international commodity agreement between coffee-producing and consuming countries. First signed in 1962, it originally aimed to maintain exporting countries' quotas and keep coffee prices high and stable in the market, mainly using export quotas to guide the price. The Indonesian state is the 10th of the 49 ICO members to sign the ICA 2022. Previously, eight exporting countries - Brazil, Costa Rica, Nicaragua, Peru, Togo, Venezuela, Panama and Colombia - and one importing country - Japan - had signed the agreement.

Mendag Teken Persetujuan Kopi Internasional di Inggris. (photo: Okezone.com/Kemendag)

Indonesia takes a stand on fishing quotas. The Indonesian minister said at the 2023 technical meeting on monitoring marine and fishery resources on March 7 that "the policy was ratified one day earlier. The minister, Sakti Wahyu Trenggono delegated the director general of fisheries to formulate the regulations derived or technical of this policy, which is necessary to maintain the sustainability of marine organisms. There are three types of quotas are detailed in the measured fisheries policy, namely the fishing quota for fishermen; the quota for near-shore residents; and a quota for education, training and services. It also defines that there are 11 fishing zones and six areas in the Indonesian territory.