Import curbs hamper business, to investors’ dismay

Goods are unloaded from a cargo vessel at the Jakarta International Container Terminal of Tanjung Priok Port in North Jakarta on March 24, 2024. - Antara

JAKARTA: New import restrictions are roiling supply chains and causing concern among companies including foreign investors in the automotive and electronic industries, who are warning of stockouts and temporary production stoppages.

The curbs affecting finished goods, as well as intermediate goods and raw materials categorised under 2,400 harmonized system (HS) codes across 18 sectors, have set off alarm bells among businesses and prompted business chambers to request a reassessment.