Wed, 20 Jan 2010
Jakarta (ANTARA News) - The government will turn on an early warning system it has prepared in case there are indications of excessive imports of commodities resulting from the free trade agreements, a chief minister said.

"There will be an early warning if sharp increases occur to cause an injury or a negative effect ," Coordinating Minister for Economic Affairs Hatta Radjasa said here on Tuesday.

He said so far there had been no sharp hikes in imports following the implementation of free trade agreements including the Asean-China Free Trade Agreement.

He said the implementation of the free trade agreements must not be seen from the negative side only namely that it would increase inflows of products from abroad but also from the positive side.

"The free trade agreements will also increase the trade volume. This must be pushed forward for the sake of national interests. This is what we have to prepare," he said.

Finance minister Sri Mulyani meanwhile said that her office and other offices concerned would jointly conduct an analysis of the trends to see the correlation between the incoming goods and the implementation of the free trade agreements or others.

"We will see its correlation with layoffs, industrial development and others," she said.
She said efforts continued to be made with regard to the implementation of free trade agreements such as producing policies for improving competitive power.

Trade minister Mari Pangestu said various security measures had been made with regard to the implementation of free trade agreements such as verification of letters of origin and safeguard mechanism.

"Goods entering with low duties must be checked to see that they really come from free trade partners," she said.

Regarding the early warning mechanism, the director general of customs and excise, Thomas Sugijata, said his office had a centre for processing data from customs offices across the country.

"Based on the data rising trend of imported goods will be detected. This will be shared with the Fiscal Police Agency for analysis," he said.(*)



News Search/Filter
Transaction Rates
12 Dec 18
Buy
Sell
AED1
3,980.52
3,980.52
AFN1
192.82
192.82
ALL1
133.71
133.71
AMD1
30.10
30.10
ANG1
8,239.40
8,239.40
AOA1
47.25
47.25
ARS1
386.80
386.80
AUD1
10,546.80
10,546.80
AWG1
8,122.90
8,122.90
AZN1
8,588.07
8,588.07
BAM1
8,519.06
8,519.06
BBD1
7,310.60
7,310.60
BDT1
174.33
174.33
BGN1
8,462.51
8,462.51
BHD1
38,788.47
38,788.47
BIF1
8.13
8.13
BMD1
14,621.20
14,621.20
BND1
9,277.28
9,277.28
BOB1
2,116.42
2,116.42
BRL1
3,745.37
3,745.37
BSD1
14,621.20
14,621.20
BTC1
48,766,427
48,766,427
BTN1
203.43
203.43
BWP1
1,365.93
1,365.93
BYN1
6,893.52
6,893.52
BZD1
7,255.26
7,255.26
CAD1
10,928.40
10,928.40
CDF1
8.97
8.97
CHF1
14,721.30
14,721.30
CLF1
603,832.49
603,832.49
CLP1
21.38
21.38
CNH1
2,121.38
2,121.38
CNY1
2,119.01
2,119.01
COP1
4.55
4.55
CRC1
24.44
24.44
CUC1
14,621.20
14,621.20
CUP1
567.81
567.81
CVE1
150.15
150.15
CZK1
640.05
640.05
DJF1
82.14
82.14
DKK1
2,217.77
2,217.77
DOP1
290.84
290.84
DZD1
123.16
123.16
EGP1
816.27
816.27
ERN1
974.91
974.91
ETB1
521.32
521.32
EUR1
16,556.31
16,556.31
FJD1
6,917.17
6,917.17
FKP1
18,265.31
18,265.31
GBP1
18,265.31
18,265.31
GEL1
5,518.90
5,518.90
GGP1
18,265.31
18,265.31
GHS1
2,987.99
2,987.99
GIP1
18,265.31
18,265.31
GMD1
294.93
294.93
GNF1
1.60
1.60
GTQ1
1,890.70
1,890.70
GYD1
70.04
70.04
HKD1
1,870.54
1,870.54
HNL1
599.11
599.11
HRK1
2,240.45
2,240.45
HTG1
193.28
193.28
HUF1
51.13
51.13
IDR1
1.00
1.00
ILS1
3,897.89
3,897.89
IMP1
18,265.31
18,265.31
INR1
202.13
202.13
IQD1
12.28
12.28
IRR1
0.34
0.34
ISK1
118.05
118.05
JEP1
18,265.31
18,265.31
JMD1
114.66
114.66
JOD1
20,604.76
20,604.76
JPY1
128.96
128.96
KES1
142.71
142.71
KGS1
212.82
212.82
KHR1
3.62
3.62
KMF1
33.63
33.63
KPW1
16.24
16.24
KRW1
12.95
12.95
KWD1
48,088.14
48,088.14
KYD1
17,549.53
17,549.53
KZT1
39.46
39.46
LAK1
1.70
1.70
LBP1
9.69
9.69
LKR1
81.55
81.55
LRD1
92.49
92.49
LSL1
1,021.94
1,021.94
LYD1
10,509.14
10,509.14
MAD1
1,535.27
1,535.27
MDL1
851.31
851.31
MGA1
4.12
4.12
MKD1
269.46
269.46
MMK1
9.29
9.29
MNT1
5.95
5.95
MOP1
1,816.71
1,816.71
MRO1
40.95
40.95
MRU1
401.68
401.68
MUR1
423.48
423.48
MVR1
946.35
946.35
MWK1
19.67
19.67
MXN1
724.43
724.43
MYR1
3,494.31
3,494.31
MZN1
240.16
240.16
NAD1
1,021.94
1,021.94
NGN1
40.17
40.17
NIO1
451.01
451.01
NOK1
1,704.67
1,704.67
NPR1
127.15
127.15
NZD1
10,069.62
10,069.62
OMR1
37,978.72
37,978.72
PAB1
14,621.20
14,621.20
PEN1
4,342.39
4,342.39
PGK1
4,344.99
4,344.99
PHP1
277.19
277.19
PKR1
104.84
104.84
PLN1
3,849.37
3,849.37
PYG1
2.46
2.46
QAR1
4,015.71
4,015.71
RON1
3,554.89
3,554.89
RSD1
139.87
139.87
RUB1
220.19
220.19
RWF1
16.56
16.56
SAR1
3,897.21
3,897.21
SBD1
1,839.20
1,839.20
SCR1
1,071.93
1,071.93
SDG1
307.16
307.16
SEK1
1,609.20
1,609.20
SGD1
10,644.43
10,644.43
SHP1
18,265.31
18,265.31
SLL1
1.74
1.74
SOS1
25.20
25.20
SRD1
1,960.47
1,960.47
SSP1
112.24
112.24
STD1
0.69
0.69
STN1
673.78
673.78
SVC1
1,671.33
1,671.33
SYP1
28.39
28.39
SZL1
1,021.98
1,021.98
THB1
445.49
445.49
TJS1
1,553.41
1,553.41
TMT1
4,177.50
4,177.50
TND1
4,976.06
4,976.06
TOP1
6,379.07
6,379.07
TRY1
2,727.34
2,727.34
TTD1
2,169.82
2,169.82
TWD1
475.16
475.16
TZS1
6.32
6.32
UAH1
527.59
527.59
UGX1
3.91
3.91
USD1
14,621.20
14,621.20
UYU1
454.02
454.02
UZS1
1.76
1.76
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
131.87
131.87
WST1
5,614.16
5,614.16
XAF1
25.23
25.23
XAG1
213,074.34
213,074.34
XAU1
18,177,432.99
18,177,432.99
XCD1
5,410.14
5,410.14
XDR1
20,310.04
20,310.04
XOF1
25.23
25.23
XPD1
18,210,486.98
18,210,486.98
XPF1
138.74
138.74
XPT1
11,484,902.75
11,484,902.75
YER1
58.40
58.40
ZAR1
1,020.15
1,020.15
ZMW1
1,226.39
1,226.39
ZWL1
45.35
45.35
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services