JAKARTA, INDONESIA — At least 14 countries — four of them ASEAN member countries — have imposed 37 import duties on Indonesia’s products, according to the nation’s Ministry of Trade. Indonesia’s neighbour Malaysia imposes anti-dumping import duty (BMAD) on polyethene terephthalate (PT), cold-rolled stainless steel, as well as a safeguard duty (BMTP) on the ceramic floor and wall tiles products. Thailand has also slapped BMAD on biaxially oriented polypropylene (BOPP) and BMTP on aluminium foil. Vietnam imposed BMAD on polyester fibre yarn and sorbitol, while the Philippines places BMTP on Indonesia’s motor vehicles. The Philippines also imposed BMTP on galvanised
View Posts JAKARTA, INDONESIA — Countries around the world are busy buying COVID-19 vaccines, giving rise to the hope that the pandemic will end and that the economy will recover in the aftermath of the global health crisis that has infected over 17 million people and dented many business sectors. The International Monetary Fund (IMF) last June predicted that the global economy would lose US$12 trillion due to the pandemic. The World Bank (WB) estimated that the economy of East Asia and the Pacific region would only grow 0.9 per cent — the lowest since 1967. Several factors can