Indonesian Trade Ministry Simplifies Exports of Palm Oil and Derivatives

Indonesia’s 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, the Antara news, Jakarta reported on March18.  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.  
    Earlier, according to Minister of Trade Regulation Number 54 of 2015, the Trade Ministerial Decree 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 Derivative Products.  This finance minister’s regulation shall take effect seven days after promulgation on March 1, 2019.