Indonesia has imposed tariffs on import of certain textile products till November 2022 to protect domestic producers from a surge in import of fabrics, curtains and yarn, according to a recent finance ministry regulation, which said ‘safeguard duties’ of up to 11,426 rupiah ($0.7799) per metre have been imposed for textile fabrics in three stages.
The tariff will be gradually lowered by November 8, 2022, said the May 27 regulation.Indonesia has imposed tariffs on import of certain textile products till November 2022 to protect domestic producers from a surge in import of fabrics, curtains and yarn, according to a recent finance ministry regulation, which said 'safeguard duties' of up to 11,426 rupiah ($0.7799) per metre have been imposed for textile fabrics in three stages.#
Indonesia will also start imposing tariffs on imports of curtains and yarn during the same period, according to a global newswire.
The country began a probe last September on the request of the Indonesia Textile Association (API) following a surge in imports of woven fabrics, yarn and curtains.
Import of textile fabrics rose by 74 per cent between 2016 and 2018, the trade ministry had said when the investigation was launched. Indonesia imported 413,813 tonnes of fabrics in 2018, it said.
Imports of other textile products, such as some types of synthetic yarn doubled in three years to 2018, the ministry said.
A number of countries are exempted from the safeguard measures, including imports from South Korea and Hong Kong for synthetic yarn and curtains, as well as India and Vietnam for fabrics.
Fibre2Fashion News Desk (DS)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
