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  • 5 months ago
Indonesia will ease import restrictions on various commodities, including raw materials, to support businesses ahead of the U.S. tariff negotiation deadline on July 9.
Transcript
00:00Still on U.S. tariffs, Indonesia will ease import restrictions and rules on various commodities, including raw materials.
00:07Officials say this move aims to ease businesses ahead of the U.S. tariff negotiation deadline on July 9.
00:13The easing includes removing import licenses requirement for certain goods
00:18and lifting restrictions on some raw materials such as plastics and chemicals.
00:23Trade Minister Budi Santoso said the policy covers 10 commodities, including forestry products, fuels and fertilizers.
00:31He added that the move will provide greater certainty for businesses by eliminating overlapping regulations.
00:38According to Coordinating Minister for Economic Affairs Irlanga Hartato, this will take effect in two months.
00:44According to the State Secretariat, President Prabowo Subianto has also ordered all ministries
00:50to ensure business licensing processes are not slowed by bureaucracy.
00:55However, officials did not confirm whether these measures are directly linked to the tariff talks with Washington.
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