Indonesia Dragged into Trade War

By Editorial Team 14/08/2019
Summary

The Finance Ministry will impose an antidumping duty (BMAD) for textile products from China. One of the affected products is the spin drawn yarn (SDY), charged with 5.4-15 percent of import duty. The duty implementation is the government’s retaliatory reaction after China imposes a similar tax for steel products from Indonesia. However, the Chinese steel duty was a response to the Indonesian tax for Chinese hot-rolled plate.

The duty war between China and Indonesia started when a Chinese company, Shanxi Taigang Stainless Steel, complained about the high steel duty imposed by the Indonesian government in July 2018. The Chinese government then responded by implementing 18.1-103.1 percent import duty for Indonesian steel billet and hot-rolled plate since July 23, 2019.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.