The Minister of Micro, Small, and Medium Enterprises recently stated that he will propose to the Ministry of Trade to set minimum price benchmarks for certain imported products, in order to resist the impact of imported goods (especially from China) and protect MSMEs (UMKM). He pointed out that a large number of low-priced Chinese products are flooding into Indonesia, making it difficult for local producers to compete and threatening the productivity of MSMEs.
The goal is to promote domestic production to generate greater economic multiplier effects, while the proliferation of imported goods hinders domestic production. To address this issue, he is closely coordinating with the Ministry of Trade and proposing to add new regulations on imported product prices in the Minister of Trade Regulation, to avoid excessively low prices for imported products.
He emphasized that the regulation does not apply to all imported goods, and the Ministry of MSMEs is currently studying 10 priority products that have the greatest impact on the survival of MSMEs, and will proceed after compiling the list. In addition to regulating prices, he stressed that MSME protection needs to start from the upstream, restricting the entry of imported goods to create competitive space for MSMEs. He stated that he will coordinate with the Ministry of Trade, the Ministry of Industry, and the Ministry of Finance to jointly implement the protection and support for MSMEs.
The Minister of Micro, Small, and Medium Enterprises recently stated that he will propose to the Ministry of Trade to set minimum price benchmarks for certain imported products, in order to resist the impact of imported goods (especially from China) and protect MSMEs (UMKM). He pointed out that a large number of low-priced Chinese products are flooding into Indonesia, making it difficult for local producers to compete and threatening the productivity of MSMEs.
The goal is to promote domestic production to generate greater economic multiplier effects, while the proliferation of imported goods hinders domestic production. To address this issue, he is closely coordinating with the Ministry of Trade and proposing to add new regulations on imported product prices in the Minister of Trade Regulation, to avoid excessively low prices for imported products.
He emphasized that the regulation does not apply to all imported goods, and the Ministry of MSMEs is currently studying 10 priority products that have the greatest impact on the survival of MSMEs, and will proceed after compiling the list. In addition to regulating prices, he stressed that MSME protection needs to start from the upstream, restricting the entry of imported goods to create competitive space for MSMEs. He stated that he will coordinate with the Ministry of Trade, the Ministry of Industry, and the Ministry of Finance to jointly implement the protection and support for MSMEs.