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View all search resultsGovernment mulls introducing more measures to curb imports
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T
he government is planning to impose several measures to reduce imports in the short and medium term and strengthen the local manufacturing industry.
The planned measures included imposing restrictions, raising tariffs, adding new trade remedies and implementing more technical barriers, Industry Minister Agus Gumiwang Kartasasmita said Tuesday. He proposed, for instance, to impose restrictions in the form of an import license requirement and minimum import price and quota application on 28 commodities.
However, he stopped short of naming the commodities.
“It is way too easy for foreign products to enter Indonesia,” Agus said in a virtual discussion held by news outlet Bisnis Indonesia.
The plan emerged as President Joko “Jokowi” Widodo’s administration gears up to reduce imports of raw materials by 35 percent to US$82 billion in 2022 by nudging local companies to produce import substitutes.
It also came at a time when the COVID-19 pandemic brought down global trade, which was projected by the World Trade Organization (WTO) to decline by between 13 percent and 32 percent this year.
