Reasons for implementing Safeguard

Oct 13, 2025 by magicalceylontours.com 144 views

Juridical Analysis of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 concerning the Imposition of Safeguard Import Duty on Imports of Iron or Steel Lantai Lantai Products

Introduction

Free trade, although it brings many benefits, can trigger significant increases in imports and threaten the domestic industry. To protect the domestic industry from this negative impact, countries have trading security instruments, one of which is safeguard. Indonesia, as a member of the World Trade Organization (WTO), has the right to implement a safeguard in accordance with the provisions of the International Treaty. This research analyzes the application of the Safeguard legally in the Regulation of the Minister of Finance of the Republic of Indonesia Number 137.1/PMK. 011/2014 concerning the Imposition of Safeguard Import Duty Against Imports of Iron or Steel Lantai Lantai Lantai Products.

Background

The surge in imports of iron or steel floors has caused serious losses or the threat of serious losses to the domestic industry. To overcome this issue, the Ministry of Finance issued Regulation of the Minister of Finance (PMK) Number 137.1/PMK. 011/2014 as a concrete step to protect the canai floor industry from iron or steel domestic. This PMK established the imposition of safeguard import duties as an effort to overcome the surge of imported flooring products that resulted in serious losses or the threat of serious losses to the domestic industry.

Methodology

This study uses descriptive normative methods with qualitative data analysis. Data obtained from primary, secondary, and tertiary legal materials through literature studies. The analysis of the PMK is based on the following aspects:

Legality and propriety: This PMK is in accordance with statutory regulations in Indonesia and with the provisions of the WTO.
Reasons for implementing Safeguard: PMK is based on an analysis that shows the surge in imports of iron or steel floors that cause serious losses or the threat of serious losses to the domestic industry.
Procedure: This PMK establishes a clear procedure for implementing a safeguard, including the determination of the period and the amount of import duties.
Benefits: This PMK is expected to protect the domestic floor routine industry from unfair competition and encourage the growth of the domestic industry.

Analysis of PMK No. 137.1/PMK. 011/2014

The analysis of PMK No. 137.1/PMK. 011/2014 is based on the following aspects:

Legality and propriety: This PMK is in accordance with statutory regulations in Indonesia and with the provisions of the WTO.
Reasons for implementing Safeguard: PMK is based on an analysis that shows the surge in imports of iron or steel floors that cause serious losses or the threat of serious losses to the domestic industry.
Procedure: This PMK establishes a clear procedure for implementing a safeguard, including the determination of the period and the amount of import duties.
Benefits: This PMK is expected to protect the domestic floor routine industry from unfair competition and encourage the growth of the domestic industry.

The Importance of Safeguard Regulations

Safeguard regulations have an important role in maintaining the balance of international trade and protecting the domestic industry. The application of the right safeguard and based on comprehensive analysis can help the country in dealing with the threat of global competition and maintain sustainable economic growth.

Conclusion

In conclusion, the Regulation of the Minister of Finance of the Republic of Indonesia Number 137.1/PMK. 011/2014 concerning the Imposition of Safeguard Import Duty on Imports of Iron or Steel Lantai Lantai Products is a concrete step to protect the domestic industry from the surge of imports. The PMK is in accordance with statutory regulations in Indonesia and with the provisions of the WTO. The application of the right safeguard and based on comprehensive analysis can help the country in dealing with the threat of global competition and maintain sustainable economic growth.

Recommendations

Based on the analysis of PMK No. 137.1/PMK. 011/2014, the following recommendations are made:

The government should continue to monitor the situation of the domestic industry and take necessary actions to protect it from unfair competition.
The government should also ensure that the imposition of safeguards does not become a barrier to fair international trade and does not harm consumers.
The government should also consider the impact of the PMK on the domestic industry and the consumers before implementing it.

Limitations of the Study

This study has several limitations, including:

The study only analyzed the PMK No. 137.1/PMK. 011/2014 and did not consider other relevant regulations.
The study only considered the legal aspects of the PMK and did not consider the economic and social impacts.
The study only analyzed the PMK from the perspective of the government and did not consider the perspective of the domestic industry and the consumers.

Future Research Directions

Based on the findings of this study, the following future research directions are suggested:

To conduct a comprehensive analysis of the impact of the PMK on the domestic industry and the consumers.
To analyze the economic and social impacts of the PMK on the domestic industry and the consumers.
To consider the perspective of the domestic industry and the consumers in the analysis of the PMK.

References

Regulation of the Minister of Finance of the Republic of Indonesia Number 137.1/PMK. 011/2014 concerning the Imposition of Safeguard Import Duty on Imports of Iron or Steel Lantai Lantai Products.
Law Number 7 of 1994 concerning Ratification of the 1994 GATT Approval.
Government Regulation Number 34 of 2011 concerning Acting Actions, Benefits, and Trade Security Actions.
Presidential Decree Number 84 of 2002 concerning Guidelines for Implementing Acting Actions, Actions Rewards, and security measures of trade.
Q&A: Juridical Analysis of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 concerning the Imposition of Safeguard Import Duty on Imports of Iron or Steel Lantai Lantai Products

Q: What is the purpose of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014?

A: The purpose of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 is to impose safeguard import duties on imports of iron or steel lantai lantai products to protect the domestic industry from unfair competition.

Q: What is a safeguard?

A: A safeguard is a trading security instrument that allows countries to protect their domestic industry from the surge of imports that cause serious losses or the threat of serious losses.

Q: What are the benefits of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014?

A: The benefits of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 include:

Protecting the domestic industry from unfair competition
Encouraging the growth of the domestic industry
Maintaining the balance of international trade

Q: What are the limitations of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014?

A: The limitations of the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 include:

The imposition of safeguards may become a barrier to fair international trade
The imposition of safeguards may harm consumers
The Regulation only considers the legal aspects of the PMK and does not consider the economic and social impacts

Q: What are the future research directions for the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014?

A: The future research directions for the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 include:

Conducting a comprehensive analysis of the impact of the PMK on the domestic industry and the consumers
Analyzing the economic and social impacts of the PMK on the domestic industry and the consumers
Considering the perspective of the domestic industry and the consumers in the analysis of the PMK

Q: What are the references for the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014?

A: The references for the Regulation of the Minister of Finance of the Republic of Indonesia Number. 137.1/PMK. 011/2014 include:

Regulation of the Minister of Finance of the Republic of Indonesia Number 137.1/PMK. 011/2014 concerning the Imposition of Safeguard Import Duty on Imports of Iron or Steel Lantai Lantai Products
Law Number 7 of 1994 concerning Ratification of the 1994 GATT Approval
Government Regulation Number 34 of 2011 concerning Acting Actions, Benefits, and Trade Security Actions
Presidential Decree Number 84 of 2002 concerning Guidelines for Implementing Acting Actions, Actions Rewards, and security measures of trade