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Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Banchero CostaIndonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told reporters on Wednesday. 
 
Indonesia, the world's biggest thermal coal exporter, issued regulations in 2018 requiring its coal and palm oil exporters to use domestic shipping companies, which were due to come into force this May. The government has since concluded that the rule would be disruptive for exports and President Joko Widodo has ordered it to be revoked, Pandjaitan said. 
 
"In this current situation, we should not disrupt (exports), so in a recent meeting the President decided the Trade Ministry regulation should be revoked," he said.
Source: Refinitiv | Banchero Costa


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