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Indonesia reduced import duties for Indian PP, PEIndonesia reduced import duties for Indian PP, PE |
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It is reported that the Indonesian government has cut custom duties for import polypropylene (PP) and polyethylene (PE) from India from 10 per cent in 2017, to 6 per cent this year. The Circular released during late December 2017 have come to effect as of 1 January 2018.
India has brought online around 3 million tons of new PE capacity in 2017 and currently very active in seeking new export destinations. The reduction in import duties would give Indian producers a competitive advantage against other dutiable origin when selling to Indonesia.