Monday, 08 July 2024 09:40

Minister of Trade Says Seven Export Commodities Will Be Subject to Import Duties

Yesterday, following a Limited Meeting chaired by the President, Minister of Trade Zulkifli Hasan outlined decisions on seven categories including textiles, ready-made garments, ceramics, electronics, cosmetics, finished textile goods, and footwear. These items will undergo scrutiny by Indonesia's Anti-Dumping Committee (KADI) and Trade Security Committee (KPPI) to assess whether significant increases in imports over the past three years have adversely impacted local industries. Depending on their findings, Import Security Duties or Anti-Dumping Duties may be imposed to safeguard domestic production. Minister Zulkifli emphasized that these measures are not only in accordance with Indonesian law but also align with international practices allowing countries to protect their industries against unfair trade practices. He clarified that any imposition of duties will be based on thorough assessments by KADI and KPPI, taking into account import trends from various regions including China, Europe, and ASEAN. The goal is to ensure that Indonesia's economic sectors remain stable and competitive amidst global trade dynamics. These decisions underscore Indonesia's commitment to fostering a fair trade environment while protecting its economic interests. By leveraging legal frameworks and institutional mechanisms like KADI and KPPI, Indonesia aims to maintain a balanced approach in managing its trade policies, ensuring that measures taken are justified and effective in supporting local industries against disruptive market forces.

Source: https://kupang.antaranews.com/berita/133218/mendag-bilang-tujuh-komoditas-ekspor-akan-kenakan-bea-masuk

 

 

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