New regulation on increasing the added value of fishery products
Minister of Marine Affairs and Fisheries Regulation No. 59 of 2021 regarding Increasing the
Added Value of Fishery Products
Enacted and came into force on December 31, 2021
This Regulation was enacted in an effort to increase the added value of fishery
products in Indonesia and support business actors that succeed in increasing the
added value. Under this Regulation, the government’s efforts to encourage the
increase in added value are carried out through: (i) stipulation of guidelines and
standard operating procedures aimed at increasing the added value of fishery
products; (ii) fishery product development; (iii) the development of a Center for Fishery
Products; (iv) assistance, supervision, and consultation; (v) education and training; (vi)
research and development; and (vii) the development of capital schemes.
Business actors that produce fishery products with an added value of at least 50% and
fish content of at least 30% percent are eligible for: (i) ease of access to capital; (ii)
expedited and simpler business permit process; (iii) marketing facilitation; and (iv) the
provision of processing facilities.
For more information, please contact:
Stephen Igor Warokka, Partner, SSEK
