JAKARTA - Deputy Chairman of Commission VII of the House of Representatives, Rahayu Saraswati Djojohadikusumo, assessed that the agreement to eliminate tariffs on Indonesian imports (BM) of more than 1,000 products to the United States (US) was a form of seriousness of President Prabowo Subianto in protecting domestic industries.
"President Prabowo Subianto very much wants to support, for example, the maritime industry which will be very negatively impacted in terms of tariffs," said Rahayu as quoted by ANTARA, Saturday, February 21. He also gave an example of products in the agro sector that could take advantage of the tariff exemption policy to be exported to the US.
He appreciated the performance of President Prabowo and the team who had worked extraordinarily in discussing the tariff for Indonesian products entering the US.
The Indonesian and US governments have agreed to eliminate the BM tariff to zero percent for textile and apparel products (apparel) through a certain quota scheme.
In addition to textiles and garments, there are a total of 1,819 tariff lines of Indonesian products that now receive tariff exemption facilities of up to zero percent.
The products include palm oil, coffee, cocoa, spices, rubber, electronic components including semiconductors, to aircraft components.
The agreement between Indonesia and the US will come into force 90 days after all legal processes are completed by both countries.
This agreement is dynamic because both parties agree that changes to the agreement can be made in the future based on a mutual written agreement.
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