Indonesia may set minimum selling price for Chinese imports

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The Minister for Micro, Small and Medium Enterprises (MSME) has said that he will propose to the Ministry of Trade to set minimum selling price benchmarks for some imported products in order to counteract the onslaught of imports, especially from China, and to protect the micro, small and medium enterprises (UMKM).He noted thatChinese low-cost products flood into IndonesiaThe result is that it is difficult for local producers to compete, threatening UMKM productivity.

Its objectives arePromoting domestic productionin order to realize a greater economicmultiplier effectIn addition, the proliferation of imported products has hampered domestic production tendencies. To address this problem, he is working in close coordination with the Ministry of Trade to propose the addition of a new provision to the Minister of Trade Regulation on the selling price of imported products to avoid under-selling of imported products.

He emphasized that the ruleNot applicable to all imported goodsThe UMKM Department is currently studying10 Priority Products with the Biggest Impact on UMKM's Survival, to be moved forward after combing the list. In addition to regulating prices, he emphasized that UMKM protection needs to beStart upstreamHe said that he would work with the Ministry of Trade and Industry and the Ministry of Finance to protect and support UMKM by restricting access to imported goods. He said that he would work with the Ministries of Trade, Industry and Finance to implement the protection and support of UMKM.

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