Tariffs for AFTA set

Tariffs for AFTA set

JAKARTA (JP): The government has set a schedule of tariff
reduction for most industrial products of up to 5 percent by 2003
for the ASEAN Free Trade Area.

Finance minister decree No. 94/KMK.01/1997, dated Feb. 28,
stipulates that products produced in other ASEAN countries would
benefit from the so-called Common Effective Preferential Tariffs
(CEPT).

However, the exportation of CEPT products worth more than
US$200 per shipment to Indonesia should be accompanied by
certificate of origin to benefit from lower tariffs. (rid)