Indonesia imposes textile product import tariffs up to 67 percent
The Indonesian government has imposed temporary additional duties on imports of textiles and textile products up to 67.7 percent, the country’s finance ministry has said.
Jakarta (VNA) - The Indonesian government has imposedtemporary additional duties on imports of textiles andtextile products up to 67.7 percent, the country’s finance ministryhas said.
The fresh move is a safeguard measure to protect the domestic upstream industryfrom a recent surge in imports and encourage the use of domestic marketproducts.
The policy is regulated in three circulars - PMK 161/PMK.010/2019,PMK162/PMK.010/2019, and PMK 163/PMK.010/2019, which can be accessed on theofficial website of the ministry.
Through PMK 161/PMK.010/2019, the finance ministry has determinedtemporary additional duties for yarn products –other than sewing thread – from imported synthetic and artificial staples startingfrom 1,405 Rp (0.1 USD) a kilogram.
Meanwhile, in PMK162/PMK.010/2019, the ministry has also settemporary additional duties for imported fabric products ranging from 1,318 Rpto 9,521 Rp a meter and ad valorem rates ranging from 36.3 percent to 67.7percent.
Then, in PMK 163/PMK.010/2019, the ministry imposed temporaryadditional duties on curtains products, blinds, bed nets, and other furnitureitems imported at 41,083 Rp a kilogram.
Syarif Hidayat, the ministry’s director of international customsand inter-institutions, said on November 11 that the duties will be imposed on121 imported textile products within 200 days, starting from November 9.
Lately, Indonesia has seen a jump in imports of textiles andtextile products. The Indonesian Trade Safeguard Committee recently launched aninvestigation into the upturn in fabric imports after a complaint was filed bythe Indonesian Textile Association.
From the preliminary evidence put forward in the complainant, thecommittee found a sharp increase in fabric imports. Moreover, there was apreliminary indication of serious damage or potentially serious damage to thedomestic industry./.
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