Indonesia imposes ‘safeguard’ tariff on aluminium foil

08-Nov-2019 Intellasia | Reuters | 6:02 AM Print This Post

* Indonesia has imposed “safeguard” tariffs on imports of aluminium foil to protect the domestic industry from a surge in imports, a trade ministry statement said on Wednesday

* The tariff is set at 6 percent from November 7, 2019, to November 6, 2020, and 4 percent from November 7, 2020 to November 6, 2021.

* “This decision allows the local aluminium foil industry to make structural adjustments to be able to compete with similar imported goods,” Mardjoko, chair of the Indonesia Trade Security Committee (KPPI), said.

* In Feburary, Indonesia told the World Trade Organisation in a filing that it was planning to impose a 22 percent “safeguard” tariff on imports of aluminium foil, citing a surge in imports due to surplus flows of the commodity coming from China.

https://af.reuters.com/article/metalsNews/idAFL3N27M2S1

 


Category: Indonesia

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