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Indonesia issues regulation on import duties for ASEAN goods

Indonesia’s Ministry of Finance has issued Regulation No.131/PMK.04/2020 concerning procedures for imposing tariffs on imported goods based on the ASEAN Goods Trade Agreement.
Indonesia issues regulation on import duties for ASEAN goods ảnh 1An Indonesian booth at the SIAL InterFood exhibition (Photo: VNA)

Jakarta (VNA) – Indonesia’s Ministry of Finance has issuedRegulation No.131/PMK.04/2020 concerning procedures for imposing tariffs onimported goods based on the ASEAN Goods Trade Agreement.

Syarif Hidayat, the ministry’s director of international customs andinter-institutions, said on September 21 that the regulation was released toimplement the First Protocol to Amend the ASEAN Trade in Goods Agreement,approved by Indonesia through Presidential Regulation No.84 of 2020.

The PMK is a legal basis as well as a guideline on procedures to grantpreferential tariffs for ASEAN goods.

With the regulation, he hoped trade within the bloc will go up, including theincrease in Indonesia’s exports with the use of the ASEAN-wideSelf-Certification Scheme (AWSC)./.
VNA
#Indonesia#Regulation No.131/PMK.04/2020#tariffs on imported goods#ASEAN Goods Trade Agreement#First Protocol#Presidential Regulation No.84 of 2020#Vietnam News Agency#Vietnamplus
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