JAKARTA - The Minister of Trade (Mendag) Budi Santoso ensured that the revision of the Regulation of the Minister of Trade (Permendag) Number 8 of 2024 will be completed this week.
"So now there is still discussion, hopefully it will be finished this week, hopefully it will be finished," Budi said as quoted by ANTARA, Thursday, May 8.
Budi explained that the government would carry out a deregulation in accordance with President Prabowo Subianto's direction.
There are several products that will be regulated in this deregulation.
"Deregulation is not only import policies, decregulation of import policies, export policies, and domestic trade policies. So how do we attract investment, we provide ease of doing business to all business actors," he added.
President Prabowo asked the ranks of the Red and White Cabinet to act efficiently, including in terms of preparing regulations that favor the community, in this case entrepreneurs and industry players.
One of the policies mentioned by Prabowo and requires attention, for example, related to the practice of importing goods that are considered necessary and reassessed, so that they no longer harm the state or the people.
Coordinating Minister for Economic Affairs Airlangga Hartarto said the Government is currently finalizing the formation of a task force to accelerate investment licensing deregulation.
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The task force is an anticipatory measure against the threat of layoffs against workers due to the reciprocal tariff issued by the President of the United States (US) Donald Trump.
The deregulation task force is considered capable of increasing competitiveness, creating jobs, and accelerating investment in the textile sector, textile products, shoes, and other labor-intensive sectors.
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