New Rules Issued for Trading via Electronic Systems

According to reporting from Kontan, Minister of Trade Zulkifli Hasan (Zulhas) officially issued new rules for trading via electronic systems (Minister of Trade Regulation (Permendag) number 31 of 2023), which came into effect on 26 September 2023.

Zulhas said that this regulation was an improvement on Minister of Trade Regulation 50/ 2020 concerning business licensing, advertising, guidance and supervision of business actors in trading via electronic systems, adding that the background to the issuance of this regulation included increasing protection for MSMEs, consumers and domestic business actors, as well as to prevent unfair or unfair business competition.

“Governments everywhere throughout the world will certainly protect their domestic MSMEs,” said Zulhas in a press conference on Wednesday (27/09/23.)

Kontan report that some of the main regulations in the new regulations include:

First, defining the business model of trade organizers through electronic systems such as marketplaces and social commerce to facilitate guidance and supervision.

Second, setting a minimum price of USD 100 per unit for finished goods from overseas which are directly sold by traders to Indonesia via cross-border e-commerce platforms.

Third, a positive list is provided, namely a list of goods from abroad that are allowed to cross the border directly into Indonesia via an e-commerce platform.

Fourth, set special conditions for foreign traders in the domestic marketplace. Namely submitting proof of business legality from the country of origin, compliance with standards (mandatory SNI) and halal, inclusion of labels in Indonesian on products from abroad, and the origin of the goods sent.

Fifth, prohibition of marketplaces and social commerce from acting as producers.

Sixth, prohibition of data control by PPMSE and affiliates. PPMSE’s obligation is to ensure that there is no misuse of its user data for use by PPMSE or its affiliated companies.

Source: Kontan

Image by James Yarema on Unsplash

The post New Rules Issued for Trading via Electronic Systems appeared first on Invest Indonesia.

Minister: SOEs’ Market Valuation Reaches USD 143-Billion
Speaking at a hearing with the House of Representatives’ Commission VI, which oversees State-Owned Enterprises...
Foreign Debt Increased in Q4/ 2023
According to reporting from Jakarta Globe, Indonesia’s foreign debt (ULN) hit USD 407.1-billion (approx....
Booking online
 [[{“value”:” hi do you know any reliable company other than Agoda and booking.com...
Pertamina Partners with Sinopec to Expedite Energy Transition
Tempo are reporting that Indonesian state-owned oil and gas company Pertamina has partnered with China’s...
New Tourist Tax Starts on February 14
Tempo is reporting that the Bali Provincial Government has decided to introduce an international tourism...