Indonesia to Propose Eliminating Import Quotas, Good Deal?

Key Summary:
- President Prabowo proposed eliminating import quota policies
- This is aimed to improve the business climate and supply-chain
- The policy risks turning Indonesia into potential dumping for imports
President Prabowo has proposed eliminating import quota policies in Indonesia, which have been in place for years, particularly those concerning essential goods affecting public welfare.
Context: This policy aims to improve the country’s business climate as the government believes that measures such as import quota system have been hindering growth in trade (export-import) supply-chain.