Govt to Protect National Trade through Bill on Trade

Fitri Novia Heriani, Robert Sidauruk
 
The House of Representatives (House) has passed a new Bill on Trade (Bill) on 11 January 2014 with the Bill currently waiting for the President’s signature to enter into force. Deputy Minister of Trade Bayu Krisnamurti, says that the Bill emphasizes protection of national trade from international exposure.
 
Bayu notes that Articles 67 to 72 of the Bill will give strong grounds for the Government to protect national trade, including implementing responses to allegations of dumping and charges imposed on Indonesian exporters.
 
“The Government may now provide advocacy for national exporters that are accused of committing dumping and subsidizing in business practices,” the Deputy Minister said during a press conference in Jakarta on Wednesday.
 
The Deputy Minister further explained that the Bill also gives authority to the Government to perform other protective measures, such as defending Indonesian exporters who allegedly cause an increase in imports in another country, defending Indonesian exporters that suffer losses under the regulations of other importing-countries, and the imposition of anti-dumping and countervailing measures to overcome unfair competition.
 
While the nature of the Bill is to protect national trade, the Deputy Minister denies that Indonesia has become a protectionist country in terms of global trade. According to the Deputy Minister, similar protective measures are common in the field of international trade and the Bill merely provides stronger grounds for Indonesia to legitimately protect its national trade.
 
“Now we have stronger grounds to protect national trade compared to the previous regulatory framework,” stated the Deputy Minister.
 
Lawmakers also support the protections for national trade introduced by the Bill. Airlangga Hartato, Chairman of Commission VI at the House, indicated that the Bill was drafted based on nationalistic sentiments for the protection of domestic business. This spirit has been materialized by providing protection to national trade and advantages for promoting and marketing domestic products.
 
To ensure this can be achieved, Airlangga continues, the Bill gives broad authority to the Government to take necessary measures to prevent events that may cause harm to domestic businesses.
 
“The Bill authorizes the Government to protect and safeguard national traders,” added Airlangga.
 
(hot/kc)
Fitri Novia Heriani, Robert Sidauruk
 
The House of Representatives (House) has passed a new Bill on Trade (Bill) on 11 January 2014 with the Bill currently waiting for the President’s signature to enter into force. Deputy Minister of Trade Bayu Krisnamurti, says that the Bill emphasizes protection of national trade from international exposure.
 
Bayu notes that Articles 67 to 72 of the Bill will give strong grounds for the Government to protect national trade, including implementing responses to allegations of dumping and charges imposed on Indonesian exporters.
 
“The Government may now provide advocacy for national exporters that are accused of committing dumping and subsidizing in business practices,” the Deputy Minister said during a press conference in Jakarta on Wednesday.
 
The Deputy Minister further explained that the Bill also gives authority to the Government to perform other protective measures, such as defending Indonesian exporters who allegedly cause an increase in imports in another country, defending Indonesian exporters that suffer losses under the regulations of other importing-countries, and the imposition of anti-dumping and countervailing measures to overcome unfair competition.
 
While the nature of the Bill is to protect national trade, the Deputy Minister denies that Indonesia has become a protectionist country in terms of global trade. According to the Deputy Minister, similar protective measures are common in the field of international trade and the Bill merely provides stronger grounds for Indonesia to legitimately protect its national trade.
 
“Now we have stronger grounds to protect national trade compared to the previous regulatory framework,” stated the Deputy Minister.
 
Lawmakers also support the protections for national trade introduced by the Bill. Airlangga Hartato, Chairman of Commission VI at the House, indicated that the Bill was drafted based on nationalistic sentiments for the protection of domestic business. This spirit has been materialized by providing protection to national trade and advantages for promoting and marketing domestic products.
 
To ensure this can be achieved, Airlangga continues, the Bill gives broad authority to the Government to take necessary measures to prevent events that may cause harm to domestic businesses.
 
“The Bill authorizes the Government to protect and safeguard national traders,” added Airlangga.
 
(hot/kc)
2026 Hak Cipta Milik Hukumonline.com
Cookies Info