Monday, 21st August 2017

Government launches 15th economic policy package

16th June 2017 | 9.041 Views
Jakarta (ANTARA News) - The Indonesian government has launched the 15th economic policy package to develop the businesses and competitiveness of national logistic service providers.

"The regulations, which will be issued to support the 15th economic policy package, will be classified into three groups, which will focus on improving the national logistic system to expedite the development of national logistic service providers businesses and competitiveness," Coordinating Minister for Economic Affairs Darmin Nasution said, in a press conference with Transportation Minister Budi Karya Sumadi and Cabinet Secretary Pramono Anung at the Presidential Office, here on Thursday.

The government will take a number of steps to implement the 15th economic policy package.

The first step is to give logistic service providers a chance to increase the role and business scale by issuing a policy which opens a business chance for national transport companies to carry imported and exported goods.

The second step is to create the ease of doing business and cutting the cost burden of national logistic service providers by issuing a policy aimed at reducing the operating cost of transport service companies, scrapping licenses to transport goods, alleviating the investment cost of port business, standardizing documents on the domestic flow of goods, developing regional distribution centers, and adopting mechanism of refunds on container deposit.

The third step is to strengthen the institution and authority of Indonesian National Single Window (INSW) by giving independent function to INSW institution to develop export and import customs and port service and supervision of electronic system, supervising exports and imports which have the potential as illegal trading; building single-risk management system to ensure the smooth flow of goods and reduce dwelling time; and allowing the institution to serve as competent authority to integrate with the ASEAN Single Window and secure the implementation of Free Trade Agreement (FTA).

The fourth step is to simplify procedures. For its part, the government has set up am export and import procedure team to reduce the higher number of limited bans.

To implement the policy package, a number of regulations will be scrapped and issued, including 12 ministerial regulations, two circulars, and one regulation of the coordinating minister for economy to allow for the expansion of business and the improvement of competitiveness on the part of national logistics service providers.

In addition, three presidential regulations will be revised and integrated into one presidential regulation concerning INSW to expedite the development and application of automated licensing services in the export and import, customs, and port fields.(*)