Indonesia's Blue Swimming Crab Exports in Jeopardy Amid Stricter Currency Controls
The latest trade policy initiated by Indonesia will likely have an outsized impact on the blue swimming crab meat trade compared to other seafood species produced within the country.
Earlier this week, Expana reported that a new regulation would require Indonesia’s exporters (including fisheries and forestry) to retain their earnings for a full year in a special account in a national bank. A previous policy forced exporters to keep at least 30% of export proceeds in the local financial system for at least 90 days...
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