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Comments on other issues: Protecting struggling domestic industry
May 5, p14The government has decided to raise import duties on foreign steel products to protect local steel producers from cheaper imports
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M
ay 5, p14
The government has decided to raise import duties on foreign steel products to protect local steel producers from cheaper imports. The duties will be increased to between 15 and 40 percent, up from between 0 and 5 percent at present.
Your comments:
If you can't compete, get out of business. How are countries with higher labor costs supposed to ship to Indonesia and pay for the shipping and still come US$250 under Indonesian production costs?
Just what is figured into these production costs? Perhaps an audit needs to take place to figure out why other countries can do things cheaper when they really shouldn't be able to.
Fingers should be pointing at the Indonesian industry right now to get this fixed.
X Simaging
