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Deepti Sri · · 1 min readIndonesia to introduce rules to prevent predatory ecommerce pricing, sources say
“Indonesia will issue a regulation to prevent predatory pricing on ecommerce platforms, including for Chinese goods, a minister said on Thursday, as President Joko Widodo urged consumers in Southeast Asia’s biggest market to shun imported products,” Reuters reported, citing sources familiar with the matter.
Details:
- Trade minister Muhammad Lutfi said the president’s remarks come amid rising concerns about Chinese manufacturers copying designs from local businesses.
- The new rules are set to go out this month.
Context:
- Data from Indonesia’s trade ministry shows that Jakarta’s average annual trade deficit for merchandise trade in the last six years was US$14 billion.
- In January, Indonesian foreign minister Retno Marsudi said China should remove trade barriers for products like palm oil, fisheries, and fruit to offset the trade imbalance.
Editing by Miguel Cordon
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