Indonesian Trade Minister Budi Santoso Brings MSME Support and Stronger Global Value Chains to BRICS

Source: TribunNews.com | Original Published At: 2026-08-09 13:04:53 UTC

Key Points

• Trade Minister Budi Santoso addressed the BRICS Trade Ministers' Meeting in Jaipur, India, on August 7, emphasizing predictable, fair and inclusive rules-based trade for MSMEs.
• Indonesia proposed improving financial literacy, expanding digital financial inclusion and diversifying adaptive financing programs to help MSMEs access funding.
• Indonesia outlined four priorities for stronger global value chains: infrastructure connectivity, trade facilitation, domestic capacity and supportive trade and investment policies.
• Santoso highlighted Indonesia's automated certificate-of-origin issuance system, which helps exporters access preferential tariffs under trade agreements.
• Indonesia supported BRICS cooperation on interoperability and mutual recognition arrangements, aligned with national laws and regulatory frameworks.
• Santoso called for rebuilding trust in the WTO by strengthening negotiations, maintaining development priorities and promoting fair competition.