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View all search resultsThe Trade Ministry has rolled out a wide-ranging regulatory reform package aimed at easing import restrictions and cutting red tape, in a bid to revitalize the manufacturing sector, respond to global trade pressures amid United States (US)’ tariff hikes, and bolster Indonesia’s competitiveness as it eyes membership in the Organisation for Economic Co-operation and Development (OECD).
Five commodities prioritized for deregulation include forestry products, subsidized fertilizers, raw materials for plastic, other fuel types and food trays used in President Prabowo Subianto’s flagship free nutritious meals program.
The government has shared plans to ease import rules for certain goods, but the measures presented on Friday appear to exclude key export commodities from the United States as bilateral trade talks aimed at averting US tariffs have yet to conclude.
Indonesia’s Trade Ministry says it will carefully “monitor” Malaysia’s antidumping duty imposed on Indonesian plastic goods and may bring the matter to the World Trade Organization (WTO) “if necessary”, while experts urge swift action to protect domestic industries.
Textile associations have urged provincial Trade Ministry offices, which are authorized to issue certificates of origin (SKA), to tighten the issuance procedures and verify whether export goods are genuinely produced in Indonesia.
The Attorney General’s Office (AGO) accused Tian of receiving Rp 478 million (US$28,337) from two lawyers, Marcella Santoso and Junaedi Saibih, in exchange for orchestrating negative news reports aimed at undermining the AGO’s investigations into corruption at state-owned tin mining giant PT Timah and a sugar import graft case involving former trade minister Thomas Lembong.
Southeast Asian countries are looking to boost trade with their neighbors as a way to stave off the impending impacts of US tariffs following the 90-day reprieve, given that intra-ASEAN trade in 2023 totaled US$759 billion, around a third higher than the region’s total trade with the US last year.
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