Govt. Reregulates Methods of Payment and Handover of Imported and Exported Goods

The government recently issued Regulation No. 29 of 2017 on Methods of Payment of Goods and Methods of Handover of Goods During Import and Export Activities (“Regulation 29/2017”). This new regulation serves as an implementation of Article 40 (2) of Law No. 7 of 2014 on Trade, which required the government to further elaborate upon the methods of payment and handing of imported and exported goods. [1] The provisions set out under Regulation 29/2017 specifically address the following matters: