Tomorrow, the Government Will Finalize Import Restrictions

By : Ridwan And Aldi Firhand. A | Tuesday, September 04 2018 - 22:36 IWST

Menteri Keuangan Sri Mulyani Indrawati
Menteri Keuangan Sri Mulyani Indrawati

INDUSTRY.co.id - Jakarta, the Government immediately finalizes the import restriction policy on hundreds of products or materials as an effort to respond to the developing economic conditions.

"Yes, we will discuss it. The finalization will be tomorrow. It can be less than 900 (products)," said Industry Minister Airlangga Hartarto at the Presidential Palace Complex in Jakarta, Tuesday (04/09/2018).

He said the government was reviewing the ability of the industry to substitute materials because it would take several years to make good in the country.

Therefore, it is necessary to really sort the types of products including raw materials, intermediate goods, or downstream goods that will be restricted in imports.

"The industry is certain that if there are domestic raw materials it will be bought, this is 'working capital' and in terms of efficiency," he said.

He said the government would not give sanctions even if there were industries that had not used local raw materials.

"We will not give sanctions, because the name of our industry does not provide sanctions. If investments are actually incentives that are encouraged. And domestic content, like this automotive, will benefit a lot," he said.

On the same occasion, Minister of Finance Sri Mulyani said that the commodities to be restricted in imports would soon be announced tomorrow afternoon or the day after the Ministry of PMK.

"Already, we will announce the PMK tomorrow afternoon, or Thursday," he said.

News Comment

Today's Industry

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

 PT Metrodata Electronics Tbk (“MTDL”)

Jumat, 28 Maret 2025 - 22:07 WIB

TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary

PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Wireless Logic

Jumat, 28 Maret 2025 - 22:00 WIB

Wireless Logic Selected By Thales As IoT Connectivity Partner

Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Pekerja Industri Tekstil

Jumat, 28 Maret 2025 - 21:44 WIB

Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year

PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…