JAKARTA (Reuters) – Indonesia will impose safeguard duties of 100% to 200% on imports starting from footwear to ceramics, reviving a plan to guard home industries, the commerce minister stated.
The deliberate import duties common greater than 100%, Commerce Minister Zulkifli Hasan informed reporters on Friday. “If we’re flooded with (imported items), our micro, small and medium enterprises might collapse.”
Southeast Asia’s greatest financial system issued a regulation late final 12 months to tighten monitoring for greater than 3,000 imported items, from meals elements to electronics to chemical compounds.
Nevertheless, the regulation was reversed after home trade stated it hindered the circulate of imported supplies wanted by home trade.
Duties will likely be imposed quickly and will have an effect on imports of footwear, clothes, textiles, cosmetics and ceramics, Zulkifli stated.
The Indonesian Commerce Safeguards Committee is investigating to find out obligation charges, senior commerce ministry official Budi Santoso stated on Saturday.
Indonesia primarily imports attire and clothes equipment from China, Vietnam and Bangladesh, knowledge from the statistics bureau present.
