25 Feb 2019
Mandatory Halal Certification in Indonesia: Government Regulation Expected to be Issued Soon
1. Introduction The Halal Products Law,[1] which entered into effect on 17 October 2014, envisages the establishment of a mandatory Halal certification scheme for prescribed products. However, in accordance with Indonesia’s system of hierarchical legislation, the Halal Products Law requires the issuance of various ancillary or implementing regulations so that its provisions may be put into effect.…
20 Feb 2019
Non-Tariff Barriers Have Potential to Frustrate Intra-ASEAN Exporters, but Complaints Mechanism is Available
Non-Tariff Barriers in ASEAN The inauguration of the ASEAN Economic Community (AEC) on 31 December 2015 marked the start of a new chapter in ASEAN’s ambitious drive towards closer integration and cooperation. The overarching objectives of the AEC are to promote the seamless movement of goods, services, investment, capital and skilled labor within ASEAN, with the ultimate goal being the creation…
18 Feb 2019
Indonesia Establishes Legal Framework for Futures Trading of Crypto Assets
1. Introduction Following the issuance of Minister of Trade Regulation No. 99 of 2018[1] in September, which officially permits futures trading of crypto assets in Indonesia for the first time, the Commodity Futures Trading Supervisory Authority (“Bappebti”) issued Bappebti Regulation No. 5 of 2019 (“Reg. 5”)[2] on Feb 8 to provide a detailed regulatory framework for the operation…