(PLVN) - Indonesia has decided to extend its safeguard measures against imported EPS resin products, from December 23, 2024 to December 22, 2027. This will affect many exporting businesses, including those in Vietnam. In light of this situation, businesses need to proactively adjust their export and production strategies to adapt to the new requirements from the Indonesian market.
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(PLVN) - Indonesia has decided to extend its safeguard measures against imported EPS resin products, from December 23, 2024 to December 22, 2027. This will affect many exporting businesses, including those in Vietnam. In light of this situation, businesses need to proactively adjust their export and production strategies to adapt to the new requirements from the Indonesian market.
According to the Trade Remedies Department ( Ministry of Industry and Trade ), Indonesia has extended its safeguard measures against imported EPS resin, and Vietnam is not included in the list of excluded developing countries.
Previously, on July 22, 2024, according to the Trade Remedies Department (Ministry of Industry and Trade), the Indonesian Safeguards Committee (KPPI) announced the initiation of an investigation to extend safeguard measures against EPS plastic pellets (HS code 39.3.11.10).
On January 24, 2024, the Indonesian Safeguards Committee announced the extension of safeguard measures against imported EPS resin, excluding Vietnam from the list of developing countries.
Based on its investigation, the Indonesian Self-Defense Committee concluded that the Indonesian domestic industry is still adjusting and that necessary safeguard measures need to be extended to remedy the damage.
Although there was a decrease in both absolute and relative import volumes during the investigation period (2021-2023), the Indonesian domestic manufacturing sector was unable to mitigate the damage, as evidenced by a 3% decrease in domestic revenue and a 9% decrease in profits during the investigation period.
The safeguard tax is expected to continue for another three years, effective from December 23, 2024 to December 22, 2027, in the form of an absolute tax. The specific tax rates are as follows: Year 1 (December 23, 2024 - December 22, 2025): 2,352,478 rupiah/MT; Year 2 (December 23, 2025 - December 22, 2026): 2,328,473 rupiah/MT; Year 3 (December 23, 2026 - December 22, 2027): 2,304,468 rupiah/MT
The Trade Remedies Department recommends that businesses and relevant associations continue to monitor the situation in order to make appropriate adjustments to their production and export activities to the Indonesian market.
Source: https://baophapluat.vn/khuyen-nghi-doanh-nghiep-viet-nam-truc-quyet-dinh-cua-indonesia-ve-gia-han-thue-tu-ve-voi-hat-nhua-eps-post533679.html
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