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Indonesian exports face renewed foreign restrictions
In the first quarter of this year, the Trade Ministry recorded five new and three re-initiated cases of trade remedies imposed on Indonesian products by trading partners.
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The Jakarta International Container Terminal (JICT) of Tanjung Priok Port in North Jakarta is pictured in this undated photo. (Antara/Dhemas Reviyanto)
T
rade protectionism is a challenge for Indonesia’s efforts to increase exports of added-value goods as opposed to unprocessed or just slightly refined raw materials.
Since the beginning of 2022, several Indonesian trading partners have seen their economies throbbing again after two years of being hit hard by the COVID-19 pandemic, boosting their confidence to aggressively push exports this year.
At the same time, an increasing number of states is trying to protect their domestic markets from a flood of imports by imposing trade remedies – actions taken in response to subsidies (also known as countervailing duties), sales at less than fair value (antidumping duties) as well as import surges (safeguards).
In the first quarter of this year, the Trade Ministry recorded five new and three re-initiated cases of trade remedies imposed on Indonesian products by trading partners.
Center of Reform on Economics (Core) economist Mohammad Faisal recently estimated that safeguards and antidumping measures against Indonesian products would increase significantly this year.
The rise of new or re-initiated trade remedies was triggered by improved global demands, which boosted the flow of goods between countries, he added.
Consequently, Faisal continued, numerous countries had limited access to their economies for imported goods to maintain the utility and competitiveness of their domestic industries.
