Export & Import in Indonesia
Export & Import in Indonesia
The flow of trade that occurred in Indonesia has increased quite rapidly. The nation of Indonesia has traditionally used the traditional trading system or known as the barter system. But since year 2000, since digital developments have penetrated Indonesia, this has also affected trade. This trade is known as Export and Import in Indonesia.
Export is the process of transportation of goods or commodities from one country to another country while the import is the process of transportation of goods or commodities from one country to another by legal. Both of these international trade impacts positive and negative for countries that trade, such as Indonesia. Indonesia is a country that has a high level of natural resources which makes it the most needed producer and non-oil country.
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The development of exports and imports in Indonesia has increased as seen from the times. Indonesia as one of the biggest economic powers in Southeast Asia has made it one of the countries that have a fairly rapid change in the business system. Originally the nation of Indonesia used a traditional-based business system to become digital or known today Millennial. Since entering the Millennial era, getting needs is easier with the system of Export and Import in Indonesia. The nation of Indonesia is known as one of the countries that have a high export level since 2000.
This trading activity has a positive impact, including:
1. Increase the number of industrial imports in Indonesia.
2. Able to control the price of products used in Indonesia.
3. Increasing foreign exchange.
4. The balance of payments becomes strong.
5. Able to meet domestics needs.
6. Having raw goods for goods or services in a number of sector needs.
7. Lending and helping to increase lending to Indonesia.
8. Help reduce foreign exchange outflows.
9. Help increase the number of investors for doing business in Indonesia.
The export and import system must have transparency and net value because this has a big effect on the economy in Indonesia. The Indonesian Government has a role in providing protection of rights and obligations for protection efforts. One form of the role of the state for the business that can carry out export and import activities is:
1. Have a legal entity such as a PT, CV, or Firm.
2. Have a trading Business License.
3. Already has an Industrial Business Licenses (API).
In year 2017, exports in Indonesia increased by 20.72% or nominal value of Rp.24.47 Billion from 2016. Achieving this level opened opportunities for the Indonesian State to continue to carry out export and import activities. The Indonesian Ministry of Trade targets an export growth of 6.6% for 2019 and import growth of 7.4% from the Export and Import in Indonesia.
A very important matter and concern of the Indonesian government is Tax and Customs in Indonesia. Business actors doing business in Indonesia, specifically in the export and import fields, must pay attention to the taxation and customs duties used in Indonesia. For these activities require many legal papers to process.
Indoned Consultancy will be your business partner for doing business in Indonesia. We will guide you with updated regulations from the initial process until the completed process. Contact us for your consultation or would like to have a meeting scheduled with our legal team when you want to set up and start doing business in Indonesia. Please feel free to fill in the registration form on this website at the bottom.
The information provided here is based on our long experience. In addition, the process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. In either case please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.
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