Indonesia Introduces Regulation For Goods Subject To Export Duties

The Indonesian Government has recently introduced Regulation No. 38 of 2024, specifying the list of goods subject to export duties. This regulation aims to regulate and control the export of certain commodities to ensure national resource sustainability and economic stability. Key items on the list include agricultural products, minerals, and raw materials critical to the domestic industry, for example leather and wood, cocoa bean, palm oil and derivatives, metal mineral processing products. The new regulation also seeks to enhance government revenue through export duties while promoting value-added exports over raw material exports. By implementing this regulation, the government aims to balance the interests of exporters with the need to protect local industries and resources, fostering sustainable economic growth and development.

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