COVID-19: Indonesia Issues Regulations For Faster And Easier Import Licensing

Many businesses in Indonesia have been forced to temporarily cease their activities because of COVID-19. Some factories are still operating to ensure the continuation of production, while implementing certain restrictions to try and prevent the spread of COVID-19, but production volume is down and price inflation is a possibility. 

In response, Indonesia has taken measures to ensure the stock availability of basic commodities and the continuity of manufacturing for industries. These measures include simplifying the import licensing process and maintaining the accessibility of essential goods and principal commodities.

It has done this through the issuance of Presidential Regulation Number 58 of 2020 regarding the Arrangement and Simplification of Import Licensing ("PR 58/2020"), on April 8, 2020, and Presidential Regulation Number 59 of 2020 regarding the Amendment of Presidential Regulation Number 71 of 2015 on the Stipulation and Storage of Essential Goods and