Large Ships for Export in Tanjung Priok Port - Photo by President Office
JAKARTA (TheInsiderStories) – Aims to increase competitiveness of Indonesian products, government will revise anti-dumping policy. said senior minister late Tuesday (03/05). In the meeting led by Coordinating Minister for Economy Darmin Nasution, the ministers discussed a way to tighten anti-dumping.
Recently, Indonesian government has imposed anti-dumping tariff to some commodities. But, according to Nasution, dumping practices are still being implemented. Acknowledge the problem, He said, the government is now looking for solutions over the dumping issue.
For that, he continued, Indonesia will revise Finance Ministry Regulation concerning governance of the entry and expenditure of goods to and from the area which has been designated as free trade and ports and excise tax. One of the products being discussed is for Hot Rolled Plate.

In the revision, there will be the same treatment for ship produced in Batam compared to other countries’ product entering Indonesia. The move will be taken because government realized that the ship producers from the island cannot compete with Singapore and China.

Moreover, finance ministry also realized that the importers use Batam or Singapore as places to prevent anti-dumping tariff.

“There is a commodity issue that is estimated carrying out dumping practices. So that will be consequences in the form of anti-dumping tariff imposed on the commodity,” said Finance Minister Sri Mulyani Indrawati after the meeting.

Even so, she doesn’t want the policy to give another pressure to domestic market. Especially, some commodities in the anti-dumping tariff category are also raw material. The new policy, expects Indrawati, will give a conducive condition for domestic industry.

Not just that, officials also discussed on how the import revenue tax will not disrupt domestic competitiveness and investment climate.

Earlier, the Head of the Investment Coordinating Board Thomas Lembong revealed the pressure of global trade, especially trade war, affected investment in developing countries, including Indonesia. Investors tend to hold back even to withdraw their investment.

Therefore, Indonesia needs expansion in countries that have potential as partners in exports and investment. Lembong explained, potential countries for export purposes and added investment to the country, among others, Bangladesh and Sri Lanka.

In line with that, the government is also studying Indonesian commodities that have potential exports to these countries, one of which is palm oil. Furthermore, he said, Indonesia’ textile, wood and pulp products also had the opportunity to penetrate the African, South Asian and Middle Eastern markets.

Written by Staff Editor, Email: theinsiderstories@gmail.com

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