Indonesia’s New Export Policy Poses Challenges for Seafood Industry
Indonesian President Prabowo Subianto has enacted a new policy requiring exporters to retain their earnings for a full year in a special account at a national bank.
Previously, Indonesia mandated that all resource exporters—including those in fisheries, mining, plantations, and forestry—keep at least 30% of export proceeds in the local financial system for a minimum of 90 days, provided the transaction exceeded $250,000. The latest policy significantly extends this holding period, potentially reshaping exporters' financial liquidity.
This shift could create substantial challenges for Indonesia’s seafood industry...
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