JAKARTA (Yosefardi) – The commission IV of Lower House of Representatives (DPR) and agriculture ministry had on Monday September 15 agreed to include no limit for foreign investment in the law draft for new agriculture bill to be ratified/passed by end of this month.
The previous amended agriculture law draft included article to limit foreign investment or capital ownership at maximum 30%.
Though the new agriculture law does not quantitatively limit the foreign investment, as the sub-sectors of plantation could not be treated similarly, the government could rule further through the government’s regulation (PP) mechanism.