Indonesia eases import rule for some goods to clear containers at port


JAKARTA (Bloomberg): Indonesia has revised an import rule in a bid to release thousands of containers being held up at its ports, after businesses complained that the trade restriction was disrupting operations.

Goods including cosmetics, bags and valves will no longer need permits to enter the country, Coordinating Minister for Economic Affairs Airlangga Hartarto said in a briefing on Friday.

Electronic shipments will no longer need technical licenses even if they still need import permits, he added.

Commodities such as iron, steel and textiles will also need import licenses, which the government vows to process quickly.

The rule change is effective as of Friday and applies to goods that reached the country’s ports from March 10 onwards. About 26,000 containers are stuck in ports across the nation, Hartarto said.

Business councils have protested against the rule that effectively restricted the imports of about 4,000 goods, saying the regulation has led to snarls in local manufacturing and risks damaging Indonesia’s economic credibility.

Bloomberg earlier reported that the Coordinating Investment and Maritime Affairs Minister Luhut Panjaitan had pledged to representatives of the business chambers that the rule would be revised.

-- ©2024 Bloomberg L.P.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , Easing , Import Rules , Clear Stocks , Port


Next In Aseanplus News

Asean news headlines as at 10pm on Friday (June 21)
Philippines says latest China clash won't trigger US treaty
Thailand approves VAT on cheap imported goods
Jakarta to mark 497 years with special Rp1 transit fare
World Bank approves US$275mil in credit to support Cambodia's economic growth
Myanmar's Suu Kyi in 'good health': junta spokesman
Ancient statue of Goddess Durga repatriated to Vietnam
Man escapes gallows, gets 38 years in jail for kidnapping, murdering glove factory manager
Former HK actress Michele Reis shares photo of hubby celebrating her birthday
Xi, Putin score wins as more Asia leaders aim to join BRICS

Others Also Read