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Indonesia to adjust import duties on PP, PE from various originsIndonesia to adjust import duties on PP, PE from various origins |
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According to the latest Circular released by the Indonesian government, the country is down adjusting import duties on PP and PE from India and Japan starting 1 January 2017, following the free trade agreement between ASEAN and the respective partner country.
Based on the ASEAN – India Free Trade Agreement, import LLDPE and LDPE from India to Indonesia will be subjected to an import duty of only 4.15% throughout 2017 and would reduce to 4% by 2018. Meanwhile, import homo-PP from India would be at 8% in 2017 and 7.85% in 2018.
The circular also read that import homo-PP from Japan to the country shall stand an import duty of 0.9% in 2017.