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Related Keywords: finished goods, Free trade agreement, Haris Munandar, ideal tariff system, import duties, Indonesian government, Industry Ministry’s director of Industry Climate and Quality Policy Research Center, Textile

The Indonesian government to regularize its tariffs is evaluate the possibility of raising import duties on a wide range of finished goods. According to Industry Ministry’s director of Industry Climate and Quality Policy Research Center Haris Munandar, the potential hike will cover 741 out of over 10,000 existing tariff codes in the current customs system, cover textiles.

The step will support their goal to reach an ideal tariff system where [imported] finished products are charged with higher duties compared to raw materials or intermediate goods.

Related Keywords: CM Maharashtra, cotton cultivators, Cotton Spinning Mills, Develop VIdarbha as biggest textile hub, Devendra Fadnavis, finished goods, raw product, special package, VIDC

The Maharashtra chief minister Devendra Fadnavis plans to develop Vidarbha as the biggest textile hub of India as he believes that farmer’s problems will not resolve with just one time financial package. There has to be alternate avenues to channelize their cotton and ensure higher remunerations long term.
The state government is going to announce a special package for Vidarbha next week to promote cotton based industries in the region.