Following last week’s announcement of a trade deal between Indonesia and the U.S., on July 22 the two countries released a joint statement on the framework for negotiating the anticipated agreement. The statement confirms that the agreement will build upon the existing U.S.-Indonesia Trade and Investment Framework Agreement of 1996 and discloses some details of the deal that were not included in the initial announcement. The joint statement indicates the trade agreement will be negotiated…
On July 15, President Trump turned to social media to announce a new trade agreement between the United States and Indonesia. The agreement, the third trade deal the U.S. administration has announced since the announcement of the “Liberation Day” tariffs, establishes a 19% duty on Indonesian imports to the United States, while U.S. goods will enjoy duty-free access to Indonesian markets including a potential non-tariff barrier elimination. The announcement also discloses that Indonesia has committed…
Indonesian Ministry of Trade (MOT) issued a Regulation No. 36 of 2023 on Import Policy and Import Arrangement (“MOT Regulation 36”), which tighten the flow of imported goods into Indonesia through import restrictions. After MOT Regulation 36 started effective on 10 March, there have been business disruptions due to black-out period, difficult requirements to obtain the import approval and longer lead times for customs clearance (piling up of containers at the port) – eventually affecting…
Indonesian Ministry of Trade (MOT) issued a new MOT Regulation No. 36 of 2023 on Import Policy and Import Arrangement on 11 December 2023 (“MOT Regulation 36”), which will revoke MOT Regulation No. 25 of 2022. MOT Regulation 36 will come into force within 90 days after 11 December, which falls on 10 March 2024. MOT Regulation 36 stipulates that import approval (Persetujuan Impor/PI) applications can only be submitted to the MOT after the regulation…
The Indonesian government is currently trying to tighten the flow of imported goods into Indonesia. As part of that effort, the government aims to further amend Minister of Trade Regulation No. 25 of 2022 on Amendment of Minister of Trade Regulation No. 20 of 2021 on Policy and Arrangements of Import (“MOT Regulation No.25/2022”). The revision involves changing the import trading system for several types of commodities from “post-border” to “border”. The difference between the…
Baker McKenzie’s InsightPlus published “Indonesia: Government simplifies the regulations on goods prohibited for export and import,” which can be viewed here.
Baker McKenzie’s Insight+ Blog published “Indonesia: Economic opportunities arise with Indonesia-European Free Trade Association Comprehensive Economic Agreement,” which can be viewed here.
Baker McKenzie’s Insight+ Blog published “Indonesia: The imposition of safeguard import duties on apparel and its accessories,” which can be viewed here.
Baker McKenzie’s InsightPlus published “Indonesia: Minister of Trade imposes more restrictions on the import of finished products by manufacturers – Is it time to restructure?,” which can be viewed here.