Cooking Oil is Rare in the Market, This Says an Expert at UM Surabaya regarding the Potential for Cartel and Dumping

• 21 Mar
• 2022

Ilustrasi gambar (TribunJateng)

Cooking Oil is Rare in the Market, This Says an Expert at UM Surabaya regarding the Potential for Cartel and Dumping

• Article
• By Uswah Sahal
• Economy
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The scarcity of cooking oil that has occurred lately has created a polemic in the community. In fact, the President has to intervene by providing various forms of subsidies so that the impact of the scarcity of cooking oil which has implications for the fantastic increase in cooking oil prices can be controlled.

"This actually doesn't solve the problem. The main factor for oil scarcity often occurs due to cartels and dumping," said Satria Unggul Wicaksana UM Surabaya legal expert Monday (21/3/22)

Satria explained that cartel and dumping are two types of serious violations against international trade.

Cartels and dumping occur because they create unfair business competition. Pursuant to Article 11 of Law Number 5 Year 1999 there is a prohibition for business actors to enter into agreements with their competing business actors who intend to influence prices by regulating the production or marketing of goods or services which may result in monopolistic practices and or unfair business competition.

"Including the practice of dumping cooking oil with the intention that business competition in the cooking oil sector can be controlled," he added.

He emphasized that the mechanism that could be established was to start carrying out an investigation by the Business Competition Supervisory Commission (KPPU) and the Anti-Dumping Commission (KADI) to impose sanctions on violators, ranging from revocation of business licenses to sentencing.

"The government, through the Ministry of Trade, must be accountable and transparent to ensure that these rogue business actors can be disciplined, so that business activities and economic circulation can run well," he said.