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Exporting manufacturers anticipate new global risks
The protectionist trade policies adopted by some trading partners amid persisting global uncertainty could pose a challenge as well as an opportunity for Indonesia's manufacturer exporters.
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A woman works on an assembly line at a factory belonging electronics maker PT Selaras Citra Nusantara Perkasa in Cileungsi, Bogor regency, West Java, in this file photo. (JP/Wendra Ajistyatama)
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ndonesian manufacturers are bracing for new challenges in exporting their goods in light of the protectionist policies adopted by some trading partners.
According to latest Trade Ministry data obtained by The Jakarta Post, as of the first half of 2022, there were 11 new cases of trade remedies imposed on Indonesian products, in addition to 2 cases of technical barriers impositions, by several trading partners.
Trade remedies include anti-subsidy duties or countervailing duties (CVDs), antidumping duties on foreign products deemed to be priced below fair market value, and safeguard duties to protect against a surge in imports.
The ministry’s trade security director, Natan Kambuno, told the Post on Friday that the new trade remedies included India’s antidumping investigation into Indonesian single-mode optical fiber (SMOF) products that began on May 6, 2022.
The South Asian country had also initiated an antidumping and anti-subsidy investigation into Indonesia’s saturated fatty alcohols, respectively on Jan. 16 and Feb. 3.
India currently has the largest number of unfair trade allegations against Indonesia.
Other countries with ongoing investigations include Peru, which launched a safeguard investigation into apparel products from Indonesia on Jan. 3, while the Philippines started a sunset review on safeguard duty for Indonesian cement on Feb. 24.
