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.
