Indonesia relaxes trade rules to cushion Covid-19 effects

A worker observes a container being moved at Tanjung Priok Port's Terminal 3 on Feb 17. - Antara

JAKARTA (The Jakarta Post/ANN): Indonesia plans to relax restrictions on importing goods as one of its fiscal measures to combat the harmful economic effects of the Covid-19 coronavirus.

Finance Minister Sri Mulyani Indrawati said on Wednesday (March 11) that the government plans to reduce the number of restricted import goods by up to 50 per cent to spur business activities that have been hurt by the Covid-19 pandemic. As many as 749 harmonised system codes are to be scrapped, she added.