JAKARTA (TheInsiderStories) – The government plans to issue a 17th Economic Policy Package, which will specifically set rulings for imports and exports.
Special Staff Coordinating Minister for the Economy Edy Putra Irawady has said that President Joko Widodo is quite focused on highlighting the export-import business.
“Policies will be set out in the 17th Package,” Edy said.
He gave as an example the elimination of the requirement for a recommendation from relevant ministries to approve the import of certain raw materials for industrial needs, which has traditionally been in force.
“For industrial activities we have to make it easy, so the system is post border supervision, but if there is a pre-edition for consumer goods,” he added.
One of the regulation changes in the upcoming package will be to eliminate the requirement for companies to obtain recommendation or sponsor letters from ministries to import raw materials, he said.
The policy package is expected to help local producers meet their raw material demands on time, without having to deal with bureaucratic red tape at the ministerial level.
Through this policy package plan the needs of industrial raw materials can be met in a timely manner. In the end, the industry sector can grow better and its product exports increase.
“The raw materials should not be disturbed, so it will be faster, especially for export destinations such as KITE (Ease of Import Export Destination),” he said.
According to Indonesia Statistics, Indonesia’s total exports last year totaled US$168.7 billion, up 16 percent from 2016, while imports also increased 16 percent to US$156.9 billion.
Previously, Finance Minister Sri Mulyani Indrawati said the government would ease imports by cutting more than half the number of items currently on the prohibited or severely restricted list to accelerate handling processes at ports across the country.
The last Policy Package was issued by the government in late August last year, aiming at creating an integrated licensing system. The policy package also deals with strict supervision for the transition from the manual licensing system to an online system, called single submission.
Through a Presidential Regulation on the Acceleration of the Implementation of Business the central government aims to improve the standard of efficient, easy and integrated business licensing services without neglecting good governance.