Minister Teten Rejects Traders Will Go Bankrupt After TikTok Shop Closes: Just Move Channels

Menteri Teten Tepis Pedagang Akan Bangkrut Usai TikTok Shop Tutup: Tinggal Pindah Channel

"Minister Teten dismisses claims that traders will go bankrupt after the closure of TikTok Shop: Just move to another channel"

Minister Teten Rejects Traders Will Go Bankrupt After TikTok Shop Closes: Just Move Channels

Dream - Minister of Cooperatives and Small and Medium Enterprises (SMEs) Teten Masduki ensures the closure of TikTok shop, which will cease operations on Wednesday, October 4, 2023 at 17.00 WIB, will not disrupt the online shopping climate of the community.

According to him, without TikTok shop, consumers or sellers can still shop and sell their products on other e-commerce platforms. Based on his analysis, sellers on TikTok shop also sell their products on other e-commerce platforms.

"The buyer can simply switch channels, so it's that simple, so it's not true that after this is closed they will go bankrupt and so on,"

firm Teten at the State Palace, quoted from Merdeka.com, Wednesday, October 4, 2023.

Teten also asked TikTok to fulfill unfinished obligations. Such as matters related to sellers, consumers, and affiliators. This request is in line with the end of TikTok shop's operations. Teten said, although TikTok shop has been banned, sellers or MSME actors can still promote their products on social media.

"Kemendag will not extend, today means tomorrow it must already be closed. But Kemendag with TikTok shop must sit together to ensure obligations that have not been fulfilled to sellers, affiliates, including consumers."

"ungkap Teten." translates to "revealed Teten."

Teten once again reminds the reason why the government prohibits TikTok shop in order to save local MSME products. He explains that if TikTok wants to sell in Indonesia, then the Chinese company must first open an office in Indonesia and take care of the necessary permits according to the applicable regulations.

"Now they are only representative offices, representative offices are only allowed to promote, not allowed to sell, so he must establish a legal entity office here, no longer a representative."

"tegasnya." in English is "firmly."

As information, regarding the announcement of TikTok Indonesia that will close the TikTok Shop service, TikTok Indonesia will no longer facilitate e-commerce transactions.

"Therefore, we will no longer facilitate e-commerce transactions within TikTok Shop Indonesia, effective from October 4th, at 17:00 WIB," said TikTok Indonesia. The announcement was made directly by TikTok Indonesia on its official website on Tuesday (October 3rd, 2023). TikTok Indonesia revealed that its priority is to respect the regulations of the Indonesian government."

"The main priority for us is to respect and comply with the regulations and laws in effect in Indonesia," said TikTok Indonesia. This closure is a result of the revision of Minister of Trade Regulation (Permendag) Number 50 of 2020 to Permendag Nomo 31 of 2023 regarding Business Licensing, Advertising, Opening and Supervision of Business Actors in Electronic Trading."

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