The release of Indonesia's foreign trade potential from trade remedies in export destination countries can be capital for business actors to re-enter the market and increase exports. However, domestic support is still needed to take advantage of these opportunities. “The cancellation and our victory over the trade remedies will certainly be capital for market access. Therefore, domestic support to take advantage of market access that was previously disrupted by trade remedies is very important," said the Coordinator of Deputy General Chair III of the Indonesian Chamber of Commerce and Industry (Kadin) for Maritime, Investment and Foreign Affairs, Shinta W. Kamdani, Sunday (28). /11/2021). Such support, said Shinta, could include export facilities, simplifying export procedures, and expanding affordable export financing.
“We also need guidance and market penetration, as well as trade intelligence support regarding untapped market potential. Without support, we cannot take full advantage of the export potential in 2022," he said. As is known, the value and potential of Indonesia's exports of US$2.2 billion or equivalent to Rp31.7 trillion have been saved from trade remedies, such as import duties on security measures (BMTP) and anti-dumping duties (BMAD) in export destination countries until the third quarter of this year. 2021. This value is much higher than the export potential that was saved until the end of semester I/2021. At that time, the export value that was saved was worth US$546.2 million or equivalent to Rp7.92 trillion. Director of Trade Security at the Ministry of Trade, Natan Kambuno, explained that the export potential comes from the free trade remedies in 8 countries. These include tire products in Egypt, cable exports to Ukraine, mattresses in the United States, steel products in the Gulf Cooperation Countries (GCC), textiles and textile products in Turkey, automotive in the Philippines, and steel and chemicals in India.
Sources: https://ekonomi.bisnis.com/read/20211128/12/1471267/banyak-produk-ri-bebas-dari-trade-remedies-berita-baik
