(Reuters/Antara photo)JAKARTA - Indonesia may abolish the licensing system for importers of some food commodities and put in place a tariff system in order to open its economy, a government official said on Tuesday. Indonesia's food trade restrictions and other policy interventions impose a massive "tax" on consumers, the World Bank said in the report. Currently, the Indonesian government has a quota system for the import of food commodities it considers important. Indonesia has abolished its quota system for cattle imports, allowing firms to bring in the livestock as long as they commit to a breeding programme. The import quota is decided based on domestic food production data compiled by the Agriculture Ministry.

Source: Bangkok Post October 25, 2016 12:04 UTC