ABOUT COUNTERTRADE
The purchase price is a transaction between two countries which is manifested in an agreement to mutually buy the goods / services needed, where the supplier of the goods / services receives part or all of the payment in the form of other goods / services. Payment can be made in accordance with the applicable agreement between the two parties to the Implementing Body or Assignee.
The implementation of buying and selling in Indonesia is regulated in the following regulations:
- Regulation of the Minister of Trade of the Republic of Indonesia No. 44 / M-DAG / PER / 6/2016 concerning Provisions for Purchase Returns for Procurement of Imported Origin Government Goods.
- Regulation of the Director General of Foreign Trade No. 06 / DAGLU / PER / 9/2016 concerning Technical Guidelines for the Implementation of Regulation of the Minister of Trade No. 44 / M-DAG / PER / 6/2016 concerning Provisions for Purchase Returns for Procurement of Imported Origin Government Goods.
- Regulation of the Minister of Trade of the Republic of Indonesia No. 28 / M-DAG / PER / 5/2017 concerning Amendments to the Regulation of the Minister of Trade No. 44 / M-DAG / PER / 6/2016 concerning Provisions for Purchase Returns for Procurement of Imported Origin Government Goods.
- Regulation of the Minister of Trade of the Republic of Indonesia No. 40 of 2019 concerning Purchase Returns for the Procurement of Imported Origin Government Goods.
- Regulation of the Minister of Trade of the Republic of Indonesia No. 01/2020 concerning Purchase Returns for the Procurement of Imported Origin Government Goods
The Rewards Program itself is divided into two, namely:
- Government-to-Government Procurement of Goods Purchase Program to be implemented between the Russian Government and the Government of Indonesia (government to government). In this case, the Indonesian side as the organizer of the tender through the Ministry of Defense of the Republic of Indonesia plans to procure Sukhoi aircraft. Meanwhile, Russia as a supplier of its own goods, namely Sukhoi aircraft from Rostec. The value for the Purchase Rewards that Russia is obliged to make is 50% of - + USD 1,140,000,000 or the equivalent of USD 570,000,000. In this case, PT PPI (Persero) was appointed by the Ministry of Trade of the Republic of Indonesia as a third party in the implementation of procurement from the supplier country, whose role is as the Implementing Body (BP) / Assignee by providing a list of commodities that will be re-exported to the supplier country. Therefore, PT PPI can cooperate as a coordinator / Assignee with other companies or Assignee Institutions in accordance with the letter of approval as a 3rd party from the Ministry of Trade with No. 179 / DAGLU / SD / 3/2017 as of 24 March 2017.
- Non-government procurement of goods trade reward program. In this case, the Ministry of Trade of the Republic of Indonesia gave a mandate to PT PPI to follow up on the non-procurement program of government goods in a payment scheme through barter. This was done so that no foreign exchange came out / entered, but only the recording of the goods. PT PPI in this scheme acts as an Implementing Agency / Assignee that regulates commodity goods to be exported / imported, coordinates with the Implementing Agency / Assignee in partner countries for commodity products, types & specifications, value of the price of these goods, etc. for later bartering / export with existing commodities domestically to partner countries. Back.
IMPLEMENT COUNTERTRADE
