Home News Indonesia Simplifies Fiscal Facilitaties to Drive Trade and Investment

Indonesia Simplifies Fiscal Facilitaties to Drive Trade and Investment

Indonesian government launched Single Submission for Fiscal Facility Services of Importing Goods Operations for upstream oil and gas and Gateway Online Delivery Order System in the Indonesia National Single Window (INSW) System to boost trade and investment, said the official today (10/14) in Jakarta - Photo by the Ministry Office

JAKARTA (TheInsiderStories) – Indonesian government launched Single Submission for Fiscal Facility Services of Importing Goods Operations for upstream oil and gas and Gateway Online Delivery Order System in the Indonesia National Single Window (INSW) System to boost trade and investment, said the official today (10/14) in Jakarta.

The advantages of single submission services, said the deputy minister of finance Mardiasmo, to accelerate public services by providing convenience in providing transparent and accountable stakeholders (upstream oil and gas business activities). The oil and gas fiscal facility in the form of a reduction or exemption of import duties related to oil and gas exploitation and exploration with business actors, namely Cooperation Contract Contractors.

Head of the National Single Window Institution, Mochamad Agus Rofiudin added, “Most important things, the service time has been reduced from 42 working days to only 15 working days.”

Recently, Indonesian government aimed to integrated the national logistics system to reduce economic barriers. Coordinating minister for economic affairs Darmin Nasution explained, the grand design not only optimizes the development of integrated physical infrastructure but also optimizes digital aspects in order to be able to compete in the era of the Industrial Revolution 4.0 to boost the national export performance.

So far, he continued, the inadequate national logistics system is still a stumbling block for logistic entrepreneurs, which has a negative impact on the competitiveness of domestic products. Therefore, the government and business actors in the logistics sector have conducted discussions to design the challenges facing the world of logistics as the basis for the preparation of the National Logistics System grand design based on time, namely for short-term, mid-term, and long-term interests.

In addition, said Nasution, several other issues discussed include sea ports, airports, sea transportation services, and the Bonded Logistics Center, food logistics, human resources, the INSW portal, and disaster logistics.

He asserted that efforts to improve logistics efficiency were part of the policy of increasing short-term exports being formulated by the government. Important things that will be arranged to encourage the logistics efficiency, includes the implementation of the Online Delivery Order system, InaPortNet system, relaxation of automotive export procedures, and construction of automotive centers.

The minister also noted, the strategic issues on export – import logistics and food logistics become government attention. He adds, “We need to develop a comprehensive action plan to execute this.”

As we know, the enthusiasm for improving national logistics performance consistently during the President Joko Widodo’ Working Cabinet by building various infrastructures.The construction of this infrastructure has positive implications for the logistics efficiency index, as seen from the increase in the Logistics Performance Index (LPI) rating issued by the World Bank.

Over the past two years, Indonesia has climbed 17 ranks, from position 63 in 2016 to number 46 in 2018.

Written by Staff Editor, Email: theinsiderstories@gmail.com