Merchants and buyers pack the Tanah Abang Skybridge that connects the railway station to the famous Tanah Abang textile market in Central Jakarta. (Source: The Jakarta Post)Jakarta (VNA)- The Indonesian government ismulling a plan to impose temporary additional duties on imports of textiles andtextile products (TPT) as a safeguard measure to protect the domestic upstreamindustry from a recent surge in imports.
The Finance Ministry’s fiscal policy head Suahasil Nazara said the governmenthad identified 121 products, including yarn and curtain fabric, that would besubject to the safeguard measure.
Lately, Indonesia has seen a jump in imports of TPT. In line with the existingrules, the Finance Ministry is considering the impose of a safeguard measure,he said, adding that safeguard measures were expected to be discussed on October17 to determine the rates, among other things, following a quick assessment bythe Trade Ministry.
The move was taken only more than one monthafter the government imposed antidumping duties for polyester staple fiberimports from India, China and Taiwan as well as Chinese imports of spin drawnyarn following an investigation by the Indonesian Antidumping Committee (KADI).
The Indonesian Trade Safeguard Committee (KPPI) recently launched aninvestigation into the upturn in fabric imports after a complaint was filed bythe Indonesian Textile Association (API).
From thepreliminary evidence put forward in the complainant, KPPI found a sharpincrease in fabric imports. Moreover, there was a preliminary indication ofserious damage or potentially serious damage to the domestic industry./.
VNA
