State trading firm may be appointed sole rattan exporter
The Jakarta Post
The government is preparing state trading firm PT Perusahaan Perdagangan Indonesia (PT PPI) to become the sole exporter of semi-processed rattan in case there is an oversupply of the commodity in the local rattan industry.
“If there is oversupply, the only institution allowed to export is PPI,” said Trade Minister Enggartiasto Lukita in Jakarta on Tuesday as reported by Antara.
He said the Trade Ministry would establish a joint team, the members of which would comprise representatives from the Indonesian Handicrafts and Furniture Association (Himki) and the Indonesian Rattan Businessspeople Association (Apri), to solve various problems related to rattan.
Among the tasks of the team is to research the supply and demand of rattan, he said, adding that the information on the issue would be published online so that it could be easily monitored.
A trade ministerial regulation prohibits the export of raw rattan and semi-processed rattan. The export ban, however, has reportedly caused oversupply in the domestic market.
Eanggartiasto said the government was preparing the mechanism for the rattan exports. “If there is an agreement, we will issue a trade ministerial regulation,” he added. (bbn)
- Here are 10 of the most populated cities in the world
- UGM considers expelling alleged sexual abuser amid public pressure
- Lippo's Karawaci flooded, Pejaten Village catches fire
- ASEAN’s priority: China
- Jokowi ratifies seven trade agreements
- President Trump, thank you for not attending ASEAN summit
- US pilots say Boeing didn’t warn of 737 feature tied to crash
- Passenger demands window seat, gets amusing response from flight attendant
- 21 companies to relocate factories from Karawang over high wages
- Macron the latest US ally insulted by Trump