INDONESIA: Importers Hit By Smuggling Crackdown
They will be required to apply for a special permit and identification number along with importers of food, electrical goods and toys, revealed Indonesia's Trade and Industry Minister, Rini Soewandi.
She said the move was aimed at protecting local businesses from widespread smuggling which sees imported goods being sold up to 40 per cent cheaper than relatively inferior locally produced goods. In addition, smuggling is estimated to cost the government up to $175 million a year in unpaid duties.
"Our local products are seriously threatened by smuggling activities," she said. "So, we do what we can do without waiting for other departments to carry out other measures."
During a two-month transition period, importers have to register with the ministry and will be given special stickers to attach to their imported goods to show they have not been brought into the country illegally.
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Trump trade policy – Who knows what he'll do?
- Bagir CEO says suit-maker is back on track
- Planning is key to an effective inventory strategy
- US Q3 in brief - G-III Apparel, Express
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Fruit of the Loom CEO Medlin dies suddenly
- Esquel efficiency drive continues to boost brands
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack