Electronic Import Rules Will Strengthen Domestic Industry

Electronic items illustration (Photo: Unsplash)

JAKARTA - The latest regulations related to electronic imports contained in the Regulation of the Minister of Industry Number 6 of 2024 are considered to be able to strengthen the domestic industry. According to the Economist of the Institute for Research, Education and Information of Economics and Social Affairs (LP3ES) Fahmi Wibawa, a new policy that regulates the procedures for the issuance of technical considerations for importing electronic products, directly protects the development of domestic industries so that they can continue to grow and avoid deindustrialization. "With this rule, if electronic goods importers of foreign brands are late in responding by not opening factories in Indonesia, then the price of their products will become more expensive. There will be open opportunities for local electronic products to offer quality products at a more competitive price. The use of such opportunities by domestic industries will make local products as kings in their own country, "he said, quoting Antara.' According to him, these opportunities must be utilized optimally by the domestic electronics industry. This is because the economic value in the sector is quite large. Based on statistical data, the industrial sector of computers, electronics, and optics provide a contribution to the value of Gross Domestic Products (PDB) On the Price of Applicability (ADHB) reaching Rp 68.513 trillion. He conveyed that regulation is expected to support Indonesia's national industrial sector, which this year is targeted to reach 5.80 percent, so that it can exceed the national economic growth by 5.02 percent. "Indonesia is currently intensifying downstreaming, and it is in line with efforts to control imports so that the added value of domestic commodities, is more generated from the national industrial sector, not from abroad," he said. In addition, he said, the rules governing such electronic imports could also increase the interest of foreign investors in conducting business expansion to Indonesia. "In turn, it will make the domestic industrial sector well developed. As long as the purchasing power of the people is still strong in Indonesia, investors will be interested in the industrial sector," he said.