Jokowi Exempts Import Duty on Rice Imports, Here’s the Reason! News – 6 hours ago

Jakarta, CNBC Indonesia – The government of President Joko Widodo (Jokowi) through the Coordinating Minister for the Economy Airlangga Hartarto will provide incentives for exemption from import duties on rice imports. So that it can reduce the expensive global price of rice.

“Exemption from specific import duties of IDR 450 per kilogram, we will provide incentives in the form of import duties borne by the government, which will later be given by the Ministry of Finance,” said Airlangga, after the Internal Meeting on Rice Assistance, at the Presidential Palace, Monday (6/11/2023) .

However, this incentive is applied to the additional rice import quota which has been set at 1.5 million tons. “Yes, this is for 1.5 million tons, not all of it is just 1.5 million tons,” said Head of the National Food Agency, Arief Prasetyo Adi, to reporters.

Later, after the import of 1.5 million tons is completed, the incentive will no longer be applied.

Apart from that, Arief explained that the exemption from import duties of IDR 450 per kilogram was decided to reduce the high global rice prices, as well as the strengthening Rupiah exchange rate against the United States Dollar.

“Because the price was extraordinarily high, the US$ exchange rate was also close to IDR 16,000/US$, if this incentive could help too,” he said.

[Gambas:Video CNBC]

(emy/mij)