{
    "success": true,
    "data": {
        "id": 1182880,
        "msgid": "britain-wants-ri-to-lower-tariffs-1447893297",
        "date": "1995-11-23 00:00:00",
        "title": "Britain wants RI to lower tariffs",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Britain wants RI to lower tariffs JAKARTA (JP): British Minister of Trade Anthony Nelson suggested here yesterday that Indonesia lower its import duties used to protect local industries. He said after a seminar on privatization that Indonesian tariffs on the imports of many industrial products, such automobiles, are forcing British companies to pay extremely high duties.",
        "content": "<p>Britain wants RI to lower tariffs<\/p>\n<p>JAKARTA (JP): British Minister of Trade Anthony Nelson<br>\nsuggested here yesterday that Indonesia lower its import duties<br>\nused to protect local industries.<\/p>\n<p>He said after a seminar on privatization that Indonesian<br>\ntariffs on the imports of many industrial products, such<br>\nautomobiles, are forcing British companies to pay extremely high<br>\nduties.<\/p>\n<p>He said Indonesian industry should be confident of its<br>\ncompetitiveness on the international market without erecting<br>\ntariff barriers.<\/p>\n<p>The Indonesian government, which has pledged to gradually<br>\nliberalize its market by the turn of the century, has introduced<br>\na series of deregulatory measures, including a reduction of both<br>\ntariff and non-tariff barriers. However, a number of products are<br>\nstill subject to high tariff levels.<\/p>\n<p>Nelson, who arrived here Tuesday for a two-day visit, also<br>\nsuggested that Indonesia simplify licensing procedures to attract<br>\nmore foreign investment.<\/p>\n<p>Difficult<\/p>\n<p>&quot;I was this morning keen to encourage the state minister for<br>\ninvestment on the simplification and liberalization of the inward<br>\ninvestment rule which is still quite difficult,&quot; he said.<\/p>\n<p>After meeting with State Minister of Investment Sanyoto<br>\nSastrowardoyo earlier yesterday, he also held a meeting with<br>\nCoordinating Minister for Industry and Trade Hartarto following<br>\nthe seminar.<\/p>\n<p>A group of financial experts from London participated in the<br>\nseminar, which discussed the role of governments, alternative<br>\nprivatization strategies and the share issuers&apos; and investors&apos;<br>\nperspectives on international capital markets.<\/p>\n<p>Nelson said that complicated procedures are hindering British<br>\ncompanies from making investments in Indonesian companies.<\/p>\n<p>According to the Central Bureau of Statistics, Indonesia&apos;s<br>\nexports to Britain increased by 3.3 percent to US$1.03 billion<br>\nlast year from $1 billion in 1993, while its imports from that<br>\ncountry declined by 9.1 percent to $710.1 million from $782<br>\nmillion.(kod)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/britain-wants-ri-to-lower-tariffs-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}