Indonesia business lobby says tariffs 'not solution' for industry
TOKYO -- Indonesia's plan to introduce new import tariffs on items like clothing and cosmetics is not the answer for local industries struggling to grow, the head of a major local business group, said in an interview in Tokyo.
Indonesian Trade Minister Zulkifli Hasan said in late June that the country would impose safeguard duties of 100% to 200% on imported footwear, clothing, textiles, cosmetics and ceramics to protect domestic micro, small and medium enterprises (MSMEs), facing competition from manufacturers in countries such as China and Vietnam.