ANNOUNCEMENT 05 Jan 2015

In January 2015, the government of Indonesia announced a rule change relating to export registration.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 05 Apr 2015 | Removal date: open ended
Still in force

Import licensing requirement

 On 5 January 2015, the Indonesian Ministry of Trade issued regulation 03/M-DAG/PER/1/2015 introducing new rules on the trade in crude oil, natural gas and other fuel types.
With the new provisions, gas and oil companies are required to possess a license as registered importers and to obtain approvals for the import of fuels. Article 3 of the regulation also states that imports may only be conducted based on the supply and demand situation in the country.
The regulation will come into force 90 days after its issuance, i.e. on 5 April 2015.

AFFECTED SECTORS

 
Inception date: 05 Apr 2015 | Removal date: open ended
Still in force

Export licensing requirement

The regulation 03/M-DAG/PER/1/2015 also requires gas and oil companies to possess a license as registered exporters and to obtain approvals for the export of fuels. Article 3 of the regulation also states that exports may only be conducted based on the supply and demand situation in the country.
Furthermore, the rules stipulate that fuel owned by the state shall only be exported by state-appointed entities.
The regulation will come into force 90 days after its issuance, i.e. on 5 April 2015.