TEMPO.CO, Jakarta - Trade Minister Thomas T. Lembong announced on Friday, September 11, 2015, that his ministry would accelerate deregulation for export and import to improve the level of competitiveness in the industry sector and open more business opportunities.
"The deregulation package is aimed to improve the level of competitiveness in the industry sector that includes raw material importations for industrial purposes and smooth goods flow and to open wider business opportunity," Thomas said on Friday, September 11, 2015.
According to Thomas, regulation and bureaucracy have been the main obstacles for trading to meet industrial, consumption and export demands. In terms of exports, there are 53 regulations that include 2,278 types of goods, and 79 regulations for importations of 11,534 types of goods.
"As a result, the level of competitiveness in the global market was not only affected by external factors and the capacity of human resources, but also by the regulations and bureaucracy that often hamper the ability to seize business opportunities," Thomas said.
Thomas added that the deregulation policy was expected to be executed in late September 2015 and to be fully implemented by late October 2015.