{
    "success": true,
    "data": {
        "id": 1201925,
        "msgid": "indonesia-cuts-tariffs-1447893297",
        "date": "1995-01-02 00:00:00",
        "title": "Indonesia cuts tariffs",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Indonesia cuts tariffs JAKARTA (JP): As of Jan. 1 Indonesia has reduced import tariffs on some 3,557 items from other members of the Association of Southeast Asian Nations (ASEAN) to a range of between 2.5 percent and 30 percent from five percent and 45 percent. The Ministry of Finance announced late last week that the tariff reduction plan is in line with the mutual tariff reduction agreements among the ASEAN member countries.",
        "content": "<p>Indonesia cuts tariffs<\/p>\n<p>JAKARTA (JP): As of Jan. 1 Indonesia has reduced import<br>\ntariffs on some 3,557 items from other members of the Association<br>\nof Southeast Asian Nations (ASEAN) to a range of between 2.5<br>\npercent and 30 percent from five percent and 45 percent.<\/p>\n<p>The Ministry of Finance announced late last week that the<br>\ntariff reduction plan is in line with the mutual tariff reduction<br>\nagreements among the ASEAN member countries.<\/p>\n<p>Agus Haryanto, a spokesman for the ministry, said that the<br>\nIndonesian government reduced import tariffs on 1,941 items in<br>\nJanuary of last year.<\/p>\n<p>ASEAN's six members -- Brunei, Indonesia, Malaysia, the<br>\nPhilippines, Singapore and Thailand -- agreed in January 1992 to<br>\nform the ASEAN Free Trade Area (AFTA), which calls for the<br>\nreduction of import tariffs to a maximum of five percent by the<br>\nyear 2003 in the region under the Common Effective Preferential<br>\nTariff (CEPT) scheme.<\/p>\n<p>The tariff reduction will be carried out under two<br>\nprograms -- to a range of zero to five percent within seven years<br>\non items included in the \"fast track\" category, and to 20 percent<br>\nwithin five to eight years on those falling under the \"normal<br>\ntrack\" category.<\/p>\n<p>Excluded from the CEPT scheme are agricultural goods and 14<br>\nitems which a member country wants protected.(hen)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-cuts-tariffs-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}