Jakarta, Jan. 7 -- Indonesia will begin imposing safeguard duties on imported cotton woven fabrics from January 10 in a bid to shield its domestic textile industry from a surge in imports.
The safeguard duty, locally known as Bea Masuk Tindakan Pengamanan (BMTP), will be applied for three years under a declining tariff scheme. In the first year, duties will range from 3,000 to 3,300 IDR (0.18-0.20 USD) per metre, depending on tariff classification. The rate will fall to 2,800-3,100 IDR per metre in the second year and further to 2,600-2,900 IDR per metre in the third year.
The regulation states that safeguard measures may be applied when a spike in imports poses a serious threat of injury to domestic producers. An investigation by the Ind...