U.S. grants Indonesia import duty cuts<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
The United States has agreed to add eight categories of products
\nto its scheme for reduced import duties on Indonesian goods
\nentering the U.S. market as part of its overall efforts to help
\ntsunami-affected countries, the Ministry of Trade has said.<\/p>\n
"The value of exports to the U.S. covered by the eight
\ncategories last year stood at US$301.67 million," ministry
\nspokesman Iman Pambagyo told The Jakarta Post on Friday.<\/p>\n
The eight groups of products fall within four broader groups,
\nnamely, edible products of animal origin (HS 0410.00.00), ether-
\nalcohol of odoriferous or flavoring compounds (HS 2909.50.40),
\nplywood with outer ply of less than 6 millimeters in thickness
\n(HS 4412.13.40) and contact lenses (HS 9001.30.00).<\/p>\n
The eight groups of goods have been eligible to benefit from
\nthe scheme since July 1, along with the hundreds of other
\ncategories of goods that have been on the list for years.<\/p>\n
Iman said that Indonesia had benefited most from the U.S.'s
\nGeneralized System of Preferences (GSP) scheme this year, which
\nis worth $500 million for all the tsunami-affected countries.<\/p>\n
The GSP scheme is a program under which developed countries
\nare granted preferential duty cuts for selected products.<\/p>\n
Following the Dec. 26 tsunami disaster that claimed up to
\n230,000 lives along Asian coasts, the world poured aid into
\nthe devastated countries. The more developed countries have also
\noffered various trade relief measures.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/us-grants-indonesia-import-duty-cuts-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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