Global Trade Alert
Global Trade Alert

Indonesia: Letter of credit obligation in four sectors

Announcement

06 Sep 2018

On 6 September 2018, the Indonesian Ministry of Trade issued regulation 94/2018 introducing a letter of credit obligation in four sectors. The move is one of four strategies by the government to halt the slide of the local Rupiah (see Sources and Related State Acts).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Oct 2018

Revocation date:

No revocation date

Updated: 06 Sep 2018
Export-related non-tariff measure, nes In force

The Ministry of Trade regulation 94/2018 introduces a letter of credit obligation for numerous products in the following four categories:

  • minerals
  • coal
  • gas
  • ...
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