How Indonesia's policy of strongly restricting imports of electronic products is interpreted

Since March 10th, Indonesia 36 new trade regulations came into force at the same time, the Indonesian Ministry of Industry specifically introduced a new regulation 6, to limit the import of electronic products, the specifics are how? Wang Palm Cabinet to give you a detailed account:

First, the new regulation No. 6 quietly announced by the Indonesian Ministry of Industry on February 1, 2024, stipulates 139 customs codes, of which 78 customs codes correspond to product categories that require quotas (PI) and commodity inspection reports (LS) at the time of customs clearance, Some of the products included in these 78 tariffs include air conditioners, televisions, washing machines, refrigerators, fiber optic cables, freezers, laptops, and several other electronic products." For the remaining 61 categories, only a commodity inspection report (LS) is required.

Secondly, the Ministry of Industry of Indonesia said that the introduction of the policy of restricting the import of electronic products does not mean that the government is against imports, but in order to maintain a favorable business environment for the domestic industry, especially for products that have already been mass-produced in Indonesia, for example, air conditioning production capacity in Indonesia in 2023 is 2.7 million units, the actual production of about 1.2 million units. This means that the production utilization rate is only 43%, but the import of air-conditioning products is as high as 3.8 million units, and it is hoped that this import control will improve the utilization rate of air-conditioning production in Indonesia.

Thirdly, Daniel, Secretary General of the Indonesian Electronic Products Association (Gabel), said that the Association supports the government's policy and that Indonesia's industrial competitiveness problem cannot be solved by the import trade system alone, and that there are also complex problems such as weak downstream of raw materials and core component industries. The association hopes that the new regulation No. 6 will promote the rapid growth of the upstream industry, thus triggering downstream integration. The challenge for the government to implement this regulation is very big and requires the support and input from all stakeholders for its successful implementation.

Since September 2023, Joko asked to limit the import of consumer goods and finished products, Indonesia's Ministry of Trade and Ministry of Industry are introducing corresponding trade policies, want to develop the Indonesian market enterprises, only by doing the local supply chain or landed to build factories, in order to better establish a foothold in the Indonesian market, what do you think about this, I'm a 20 years in Indonesia, Wang Palm, to join the Indonesia Enterprise Pass, to help you efficiently develop the Indonesian market.