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

President Joko “Jokowi” Widodo Wednesday (16/06) inspected mass COVID-19 vaccination for workers in financial service sector held at Tennis Indoor Senayan, Jakarta

Kamis, 17 Juni 2021 - 20:10 WIB

President Jokowi Inspects Mass COVID-19 Vaccination for Workers in Financial Sector

President Joko “Jokowi” Widodo Wednesday (16/06) inspected mass COVID-19 vaccination for workers in financial service sector held at Tennis Indoor Senayan, Jakarta.

Minister of Manpower Ida Fauziyah delivered a statement in the Presidential Office, Monday, (10/8). Photo by: BPMI

Kamis, 17 Juni 2021 - 19:00 WIB

Manpower Minister Tells Companies to Reinforce Health Protocols

Companies must continue to enforce strict health protocols in the workplace, particularly amidst the recent spike in COVID-19 cases in several regions, Minister of Manpower Ida Fauziyah has…

President Jokowi inaugurates Indonesia’s Export Release to the Global Market online at Bogor Presidential Palace, West Java (04/12/2020). (Photo by: Press Media and Information Bureau of Presidential Secretariat/Lukman)

Kamis, 17 Juni 2021 - 17:55 WIB

Indonesia Reports Upward Trend Economic Recovery

The Government has announced that Indonesia economic recovery will continue in line with the positive trend of exports and imports. For the record, Indonesia’s exports in May 2021 reached…

International Labour Organization (ILO)

Kamis, 17 Juni 2021 - 16:20 WIB

Indonesia Elected Member of ILO Governing Body

Indonesia has been chosen as a regular member of the Governing Body (GB) of the International Labour Organization (ILO) for the 2021-2024 period and will represent the Asia Pacific region along…

Minister of Home Affairs Tito Karnavian. Photo by: PR of Cabinet Secretariat

Kamis, 17 Juni 2021 - 15:40 WIB

Gov’t Extends Micro-Scale Restrictions to 28 June

The Government has decided to extend the implementation of Micro-Scale Activity Restrictions (PPKM Mikro) from 15 June to 28 June 2021.