Washington retracts duties from various Indonesian products

Washington retracts duties from various Indonesian products

Washington retracts duties from various Indonesian products

The United States has removed tariffs from various Indonesian products under a privileged trade facility. This is a part of the ongoing trade negotiations between the two countries, Indonesian officials said.

In a report from the Indonesian trade ministry, the office of the United States Trade Representative (USTR) removed tariffs for products such as laminated wood, thin plywood, dry onions, Rattan handicrafts, artificial sugar, honey, and caramel.

The products were previously imposed with tariffs due to its exports breaching the U.S.’ “competitive need limitations”, said Iman Pambagyo, head of the ministry’s department of international trade negotiations.

The ministry further said that the products are now part of more than 3,500 exports that get duty-free treatment under the General System of Preferences, a U.S. trade facility given to poor and developing countries.  

Risk disclaimer "TS Software Ltd – Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of TS Software Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or TS Software Ltd." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?