Vietnamese fabric exports excluded from Indonesia’s new tariffs

VGP - Made-in-Viet Nam fabrics have been exempted from new import tariffs of Indonesia, which have been imposed on some textile products from May 2020 until November 2022.

June 02, 2020 4:53 PM GMT+7

Under the Indonesian ministry’s Decree 56/2020, the levels of self-defense taxes are at 1,405 rupiah or US$0.93 per kilogram from May 27 to November 8, at 1,193 rupiah per kilogram from November 9 to November 8, 2021 and at 979 rupiah per kilogram from November 9, 2021, to November 8, 2022.

Several countries and territories, including Hong Kong and the Republic Korea, are exempted from the new tariffs on synthetic fibers and curtains, while the fabric exports from India and Viet Nam to Indonesia are not affected by the new taxes.

Last year, the Indonesian Government imposed temporary duties of up to 67.7% on textile and garment imports to protect its locally manufactured products and encourage domestic consumption.

The fresh move is a safeguard measure to protect the domestic upstream industry from a recent surge in imports and encourage the use of domestic market products./.

By Hoang Ha