Indonesia imposed custom duties on import PET

According to the Circular number Peraturan Menkeu 06/PMK.010/2017, signed by Indonesian Finance Ministry on 26 January 2017, import duties for polyethylene terephthalate (PET) to the country is lifted from zero (0) to 5 per cent with effective from 1 March 2017. However, material originated from Southeast Asia with Form D shall be exempted from the duties.

On top of that, the country is also carrying out an antidumping investigation on import PET from China and the final finding shall be announced in May 2017. This is the second antidumping investigation Indonesia engages in over the past five years. Players are monitoring closely the result in order to plan their purchases accordingly.