Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, IGAP Trisnajaya
The House of Representatives (House) continued to discuss the Commercial Code Draft Bill, Wednesday (23/1), to hear opinions from the former Indonesian Ambassador to the United States of America Dorodjatun Kuncoro, as well as Sofyan Wanandi, Chairman of Indonesian Business Association (Apindo).
During the discussion, it was revealed that the House intends to draft two separate bills—Commercial Code and Industrial bills. However, some are of the opinion that the two bills should be integrated.
“Trade Bill cannot be separated from Industrial Bill,” said Dorodjatun.
In order to move on from the traditional trade system, which emphasizes export of semi-processed agricultural and mining commodities, Dorodjatun said that the House must draft a single bill to guide both trade and industrial matters.
Aria Bima, Deputy of Commission VI of the House, agreed with Dorodjatun, saying, “even though Trade Bill and Industrial Bill are two different drafts, the discussion on the drafts must be integrated because trade cannot be separated from industry.”
Sofyan Wanandi proposed that the Commercial Code Draft Bill must also stipulate a domestic trade payment mechanism. Sofyan explained that the domestic trade mainly uses foreign currency, such as U.S. dollars, as the means of payment. He argued that instead, Indonesian rupiah should be used for trade.
“Payment mechanism in [domestic] trade must be clearly stipulated in the Trade Bill and it must expressly state rupiah [as the means of payment],” proposed Sofyan.
Hendrawan Supratikno, Member of Commission VI of the House, commented that the obligation to use rupiah in domestic transactions is expressly stated in Law No. 7 of 2011 on Currency (Currency Law).
However, because there is a lack of coordination between the Government and businesses, Currency Law is not implemented properly.
“The obligation to use rupiah [as the means of payment] is stipulated under the Currency Law, however the implementation is bad,” argued Hendrawan.
Sofyan also stated that there should be a revision to Law No. 24 of 2000 on International Convention in accordance with the Commercial Code Draft Bill.
Indonesian position in the international convention negotiation process must be strengthened in order to promote national trade interests, he concluded.
(jt/hot)
Fitri Novia Heriani, IGAP Trisnajaya
The House of Representatives (House) continued to discuss the Commercial Code Draft Bill, Wednesday (23/1), to hear opinions from the former Indonesian Ambassador to the United States of America Dorodjatun Kuncoro, as well as Sofyan Wanandi, Chairman of Indonesian Business Association (Apindo).
During the discussion, it was revealed that the House intends to draft two separate bills—Commercial Code and Industrial bills. However, some are of the opinion that the two bills should be integrated.
“Trade Bill cannot be separated from Industrial Bill,” said Dorodjatun.
In order to move on from the traditional trade system, which emphasizes export of semi-processed agricultural and mining commodities, Dorodjatun said that the House must draft a single bill to guide both trade and industrial matters.
Aria Bima, Deputy of Commission VI of the House, agreed with Dorodjatun, saying, “even though Trade Bill and Industrial Bill are two different drafts, the discussion on the drafts must be integrated because trade cannot be separated from industry.”
Sofyan Wanandi proposed that the Commercial Code Draft Bill must also stipulate a domestic trade payment mechanism. Sofyan explained that the domestic trade mainly uses foreign currency, such as U.S. dollars, as the means of payment. He argued that instead, Indonesian rupiah should be used for trade.
“Payment mechanism in [domestic] trade must be clearly stipulated in the Trade Bill and it must expressly state rupiah [as the means of payment],” proposed Sofyan.
Hendrawan Supratikno, Member of Commission VI of the House, commented that the obligation to use rupiah in domestic transactions is expressly stated in Law No. 7 of 2011 on Currency (Currency Law).
However, because there is a lack of coordination between the Government and businesses, Currency Law is not implemented properly.
“The obligation to use rupiah [as the means of payment] is stipulated under the Currency Law, however the implementation is bad,” argued Hendrawan.
Sofyan also stated that there should be a revision to Law No. 24 of 2000 on International Convention in accordance with the Commercial Code Draft Bill.
Indonesian position in the international convention negotiation process must be strengthened in order to promote national trade interests, he concluded.
(jt/hot)