The Indonesian government plans to impose 7.5-10 percent tariffs on imports of processed products to restrict imports. For raw materials, import tariffs will be 2.5 percent.
The Industry Ministry explains that the government plans to complete a revision of import tariffs this month to improve the current deficit, which is currently at 3 percent. The government has assessed 900 consumer goods with import tariffs to be increased.
Indonesia's statistics recorded a trade deficit of $ 2.03 billion in July, compared with a trade surplus of $ 1.74 billion in the previous month.
The trade balance suffered this year, with a trade surplus recorded only in March and June. High world oil prices and the strengthening of the US dollar led Bank Indonesia to use the foreign exchange reserve to intervene in the market.
Indonesia to introduce up to 10% import tariffs on processed products
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Azovpromstal® 6 September 2018 г. 09:30 |
