Indonesia issues regulation on import duties for ASEAN goods hinh anh 1An Indonesian booth at the SIAL InterFood exhibition (Photo: VNA)

Jakarta (VNA) – Indonesia’s Ministry of Finance has issued Regulation No.131/PMK.04/2020 concerning procedures for imposing tariffs on imported goods based on the ASEAN Goods Trade Agreement.

Syarif Hidayat, the ministry’s director of international customs and inter-institutions, said on September 21 that the regulation was released to implement the First Protocol to Amend the ASEAN Trade in Goods Agreement, approved by Indonesia through Presidential Regulation No.84 of 2020.

The PMK is a legal basis as well as a guideline on procedures to grant preferential tariffs for ASEAN goods.

With the regulation, he hoped trade within the bloc will go up, including the increase in Indonesia’s exports with the use of the ASEAN-wide Self-Certification Scheme (AWSC)./.