Corn Imports Regulated

The Minister of Trade (“Minister) has issued Regulation No. 20/M-DAG/PER/3/2016 on the Importation of Corn (“2016 Regulation) in an effort to improve national competitiveness, increase the income of farmers, and protect consumers. [1] In essence, the 2016 Regulation outlines general guidelines for parties which are allowed to import corn, as well as the procedure for securing import approval from the Minister.The 2016 Regulation is of relevance to all companies currently involved in the import of corn, or which are intending to import corn in the future.CornThe 2016 Regulation allows for the importation of corn (under post tariff/HS 1005.90.90.00) in order to meet domestic demand for animal fodder, food, and industrial raw-material supplies. However, any corn imports must adhere to the various allocations and quota limitations, as determined by various economic-sector ministries (i.e. Ministry of Trade, Ministry of Finance) during a coordination meeting. [2] ImportersCorn can be imported by the following parties: [3]