Jakarta: The Trade Ministry simplified exports of palm oil and derivative products by revoking Trade Ministerial Regulation No. 54 of 2015 on Verification/Technical Tracking of Palm Oil, Crude Palm Oil (CPO), and Derivative Products' Exports.
"In addition to increasing effectiveness, the revocation of Trade Ministerial Decree also aims to implement the results of a decision taken during the economic coordination meeting at the Coordinating Ministry for Economic Affairs some time ago," Director General of Foreign Trade Oke Nurwan noted in his statement in Jakarta on Monday.
This revocation of the ministerial decree is contained in the Trade Ministerial Decree Number 17 of 2019 concerning Revocation of Minister of Trade Regulation Number 54/M-Dag/Per/7/2015 concerning Verification or Technical Search of the Exports of Palm Oil, CPO, and Derivative Products.
This is as amended by Minister of Trade Regulation Number 90/M-Dag/Per/10/2015 concerning Amendments to Regulation of the Minister of Trade Number 54/M-Dag/Per/7/2015 concerning Verification or Technical Search of Palm Oil Exports, CPO, and its derivative products.
The revocation of the Trade Ministerial Decree aims to simplify the process and increase the effectiveness of the exports of commodities of palm oil products and their derivatives.
The Trade Ministerial Decree Number 17 of 2019 is valid after seven days of promulgation on February 28, 2019.
Earlier, according to Minister of Trade Regulation Number 54 of 2015, the Trade Ministerial Decree Number 90 of 2015, every export of palm oil, CPO, and derivative products was required to be verified or technically tracked by surveyors before loading goods.
Verification by surveyors includes administrative and physical verification, determination of types and technical specifications and quality of goods through laboratory analysis.
Furthermore, the exports of these commodities will follow the provisions of Minister of Finance Regulation No. 22 of 2019 concerning the Export of Palm Oil, CPO, and its Derivative Products. This finance minister's regulation shall take effect seven days after promulgation on March 1, 2019. (Antara)