By : Riza Buditomo
PART 3: DIGITAL MARKET TRADING ININDONESIA: A PROPOSEDHARMONIZATION PLAN
In an effort to keep up with the rapidly changingglobal digital landscape, the Ministry of Trade("MOT") is making strides to improve the digitalmarket trading environment. Their latest proposalaims to achieve harmony by updating the currentMOT Regulation No. 50 of 2020, which governsBusiness Licensing, Advertising, Supervision, andOversight of Electronic Commerce Entities ("MOTReg 50").
According to various public news platforms, Zulkifli Hasan, the Minister of Trade of Indonesia,highlighted three main goals for this harmonizationplan in the digital trading marketplace of Indonesia:
II. Key Issue
These proposed revisions bring significant changes to the digital market trading landscape. However, discussions are ongoing about how to put them into action. Here are the key takeaways from the proposed plans:
Additionally, it is crucial to make sure that foreign e-commerce transactions follow the proposed minimum import price. The Ministry of Trade's supervisory role becomes essential in monitoring compliance. How will the MOT ensure that foreign merchants adhere to the minimum price threshold when selling products in the digital marketplace?
III. Current Development
Currently, the MOT has not released specific details on how they will put the proposed harmonization objectives into practice. As we await the new regulation, it's vital for stakeholders, including foreign merchants, local businesses, and consumers, to stay informed and ready for any potential impacts on their operations.
You can count on us to keep you informed about the developments regarding the implementation of the proposed minimum import price. We'll provide you with insights and analysis to help you make informed decisions in this ever-changing business environment