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Digital payments firm SumUp borrows 750 mln euros to fund growth
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JAKARTA - Indonesia will pass a new regulation that lays out rules for e-commerce in a bid to promote fair and healthy competition in the domestic market.
Among the rules set to be rolled out next month is the requirement for e-commerce players to declare if they carry out cross-border trade, Trade Minister Muhammad Lutfi told The Straits Times.
Online platforms selling foreign goods in Indonesia will be subject to the same obligations as offline traders offering locally-made products, he added. The regulation seeks to create a level playing field in the domestic market, he said. If the offline traders must have distribution permits, online merchants will need to do the same thing.