Starting a business in Indonesia is a great first step towards your business success. With Indonesia having one of the most profitable market and taking strides to improve the import and export protocols, it is on track to its target of being the world’s top 5 largest economy by 2045.
Under Government Regulation No. 29 of 2021 (Reg 29/2021), the Ministry of Trade (MoT) is the authority that issues approvals, verifications, obligations, and licenses on import-export activities in Indonesia.
Why Import Restrictions are Necessary
Every country place restrictions on the products that can be carried in. Although import limits may appear to be an undesirable burden for everyone entering the country, there are multiple good reasons as to why government officials prohibit certain commodities.
These reasons could include everything from security concerns to the likelihood of illegal materials being smuggled in, as well as the desire to use such items to destabilise the country’s leadership. Certain items are subject to import restrictions in Indonesia.