Schedule a Call Back
Indonesia to levy 100-200% duties on clothing & ceramics; protect domestic trade
Industry News- Jul 01,24
Indonesia mainly imports apparel and clothing accessories from China, Vietnam and Bangladesh.
Indonesia is set to implement safeguard duties ranging from 100% to 200% on a variety of imports including footwear and ceramics, in an effort to protect domestic industries, announced Trade Minister Zulkifli Hasan.
The planned duties, averaging over 100%, aim to shield micro, small, and medium enterprises from being overwhelmed by imported goods, Minister Zulkifli explained. He expressed concerns that an influx of imports could potentially undermine local businesses.
Last year, Indonesia introduced a regulation aimed at intensifying oversight over more than 3,000 imported products, spanning food ingredients, electronics, and chemicals. However, the regulation was later repealed following objections from domestic industries citing disruptions to their access to necessary imported materials.
The impending duties are expected to affect imports of footwear, clothing, textiles, cosmetics, and ceramics, according to Minister Zulkifli. The Indonesian Trade Safeguards Committee is currently conducting investigations to determine the specific duty rates, as noted by senior Trade Ministry Official Budi Santoso.
Indonesia predominantly imports apparel and clothing accessories from countries such as China, Vietnam, and Bangladesh, based on data from the statistics bureau.
(Source: Nikkei Asia & Reuters)
Budi Santoso
Zulkifli Hasan
trade
exports
Indinesia
cermaic export
clothing export
export regulations
Related Stories
Other Industrial Products
Policy Regulation
Can India’s Exports Takeoff Amid Global Market Uncertainty?
India's merchandise exports are navigating a complex global landscape marked by economic and geopolitical turbulence, including trade wars. India needs to take multiple measures to build a resilient..
Read moreSmart Manufacturing
India eyes $3 trillion industrial opportunity by 2035
Omniscience Capital emphasised that higher domestic consumption—fuelled by rising per capita income—and India’s target of $1 trillion in merchandise exports by 2030 will be major growth driver..
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
