TEMPO.CO, Jakarta - The Indonesian Trade Ministry is issuing a revision on tin export regulations. The change, which concerns the type of tin to be traded tin exchange trading and tin commerce, is aimed at boosting added value and secure resources, Trade Minister Rachmat Gobel said on Tuesday, May 19th.
The amendment is made to the Trade Minister Regulation No.44/M-DAG/PER/7/2014 on tin export, revised through Regulation No.33/M-DAG/PER/5/2015.
In the old rule, the types of tin that can be exported are grouped into four types: pure tin bars, non-bar pure tin, solder tin and non-solder tin. In the new regulations, they are grouped into three types, namely pure tin bars, tin solder, and other articles of tin.
"Anything other than those three are prohibited to be exported," said Gobel.
The new regulations will take effect on August 1, 2015.