Draft Bill on Trade

OVERVIEW

Since becoming a Republic in 1945, Indonesia has witnessed significant economic development and has grown into one of the most stable emerging markets in the world. This is exemplified by Indonesia’s membership in the G20 group.[1] Indonesia was also was one of the few countries that survived the 2008 global economic crisis.

Surprisingly, even with these remarkable achievements, Indonesia does not have an updated and a comprehensive legal framework for the trade sector. Though the growth of the trade sector is absolutely important to the national economic development, legal documents and instruments that support the trade sector are scattered within different laws and regulations.