The government has issued a draft of a new omnibus law, which addresses various issues, as we have discussed in our previous client alert here.
This client alert covers specific proposed key changes and implications in healthcare/life science and trade sectors set out in the draft of the job creation law (Draft).
It remains to be seen how the government will implement the proposed efforts to make investing in Indonesia easier and the proposed liberalization of foreign investment restrictions here in the aforementioned sectors.
Implications for healthcare/life science and trade sectors
The affected regulations from healthcare/life science and trade sectors are:
(a) Law No. 36 of 2009 on Health
(b) Law No. 44 of 2009 on Hospitals
(c) Law No. 5 of 1997 on Psychotropics
(d) Law No. 35 of 2009 on Narcotics
(e) Law No. 33 of 2014 on Halal Product Assurance
(f) Law No. 18 of 2012 on Food
(g) Law No. 7 of 2014 on Trade
(h) Law No. 2 of 1981 on Legal Metrology
(i) Law No. 20 of 2014 on Standardization and Assessment of Compatibility