JAKARTA, Indonesia, March 14, 2016 /PRNewswire/ -- On March 10th Indonesia launched its first-ever bonded logistics centers (PLB) to which products can be shipped and stored for up to three years during which they will be exempted from import duties and import-related taxes.
This constitutes a long awaited support to local industries including pharma which still imports up to 90% of the ingredients needed for the production of medicines. By storing goods in PLBs, overseas suppliers can drastically cut the delivery time to the local buyers.
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11 PLBs were simultaneously inaugurated by President Joko "Jokowi" Widodo who told the audience that Indonesia, the biggest economy in the region, had the potential to replace Singapore and Malaysia as Southeast Asia's logistics centers (Source: The Jakarta Post).
The centers are located in Jakarta (Cakung, Sunter), Banten (Merak), East Kalimantan (Balikpapan), West Java (Cibitung, Karawang, Cikarang and Subang) and Bali (Benoa and Denpasar). The government plans the establishment of 50 more bonded logistics centers across the archipelago in 2017.
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SOURCE CPhI - UBM