Tag: Indonesia trade Deficit

Indonesia Issues Stricter Rule on Exports to Combat Trade Deficit

Sep 26, 2018

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by

Fitri Wulandari

in Non Coking

Indonesia’s Trade Ministry has issued a stricter regulation requiring companies to use L/C for exports of coal, palm oil, minerals, and oil and gas, as the government seeks to strengthen its foreign exchange reserves, Investor Daily reported, citing Trade Minister Enggartiasto Lukita, Sept. 25. With the regulation, the Trade Ministry will have the authority to…