Export ban will cost Indonesia USD 12.5 billion

The World Bank estimates in a new analysis that the current Indonesian export ban on unprocessed commodities will impact the country's trade balance ahead of 2017.

Photo: Star Bulk

The Indonesian export ban, which came into effect in January, will likely take a big toll on the country's trade balance, according to a new analysis by the World Bank. The analysis estimates that the export ban on unprocessed commodities will reduce the country's trade balance by USD 12.5 billion, generating a total loss in taxable profits, including royalties, export taxes, and corporate taxes, of around USD 6.5 billion in the period 2014-2017.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs