Keyword: "import duties"

The safeguard duty, locally known as Bea Masuk Tindakan Pengamanan (BMTP), will be applied for three years under a declining tariff scheme.

The new decree, which took effect on July 8, 2025, revises the minimum production volume criteria for enterprises seeking to benefit from preferential import tariffs on automotive components under the preferential tariff programme. This policy aims to support domestic vehicle manufacturers and assemblers, particularly those producing environmentally friendly models.

The Indonesian Government is aiming to expand exports to the Republic of Korea (RoK) through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect for the past year.

Indonesia has placed new import duties on four types of products, with levies reaching some 40% of the product’s value in certain cases.

Local garment producers have so far received less order than 2018 and the shortage of orders is becoming more common.

The US’s recent ruling to impose unprecedentedly high import duties on frozen Tra fish fillets from Vietnam shows a level of unfairness and is not in line with the usual antidumping law provisions.

The US Department of Commerce slapped heavy import duties on some steel products from Vietnam after it decided they originated in China, violating the US’s anti-dumping and anti-subsidy orders.

The export growth target of 10 percent for 2016 is unlikely to be achieved if no breakthrough solution is taken, experts have said.

Exports from the Republic of Korea (RoK) to Vietnam have rocketed this year, despite declines in other major export markets like China and Japan.

A workshop was held in Hanoi on August 4 to collect opinions on the draft revised law on export and import duties.