Indonesia Renews Textile Import Duties to Curb Chinese Goods
- Safeguard duties applied to imports from 124 countries
- Government sets tariffs for three years at reduced rates
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Indonesia reimposed additional tariffs on imports of fabrics to protect the local industry from the flood of cheaper goods coming mostly from China.
The so-called safeguard duties take effect on Aug. 9 and are valid for three years, according to the Finance Ministry rule issued on Tuesday. They apply to five types of fabrics imported from 124 countries, it said. Imports from China, Hong Kong and South Korea are charged on their entire range of fabrics.