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Indonesia’s parliament passed into law the nation’s first trade bill that enables the government to restrict exports and imports to protect local industries.

The law was approved at a plenary session today, Pramono Anung, the parliament’s deputy speaker, said in Jakarta. The government may limit exports or imports of staple commodities to ensure local demand is met, according to the final bill distributed to reporters at parliament yesterday.

Read more at: http://www.bloomberg.com/news/2014-02-11/new-indonesia-trade-law-allows-export-limits-to-protect-industry.html