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Jakarta Post

Revocation of Indonesia’s developing country status will not affect GSP: Government

  • Made Anthony Iswara
    Made Anthony Iswara

    The Jakarta Post

Jakarta   /   Tue, February 25, 2020   /  03:22 pm
The Jakarta Post Image
An aerial view of Tanjung Priok industrial port in North Jakarta. The new United States Trade Representative (USTR) policy could affect Indonesia’s trade balance, which enjoyed a US$9.6 billion non-oil-and-gas surplus with the US in 2019.( Images)

The government has confirmed that the United States' decision to scrap Indonesia from its list of developing countries will not affect Indonesia’s Generalized System of Preference (GSP) facilities from the economic giant. A document from Coordinating Economic Ministry notes that various industries had already suspected the new United States Trade Representative (USTR) policy would affect the GSP facility for Indonesian exports to the US. On Feb. 10, the US agency excluded Indonesia from its developing and least-developed countries list, which means Indonesia is no longer eligible for Special Differential Treatment (SDT) from the WTO’s Agreement on Subsidies and Countervailing Measures. Read also: Growing pains: US tariff policy overshadows planned Jokowi visit “Nevertheless, the United States Embassy in Jakarta has confirmed that the new USTR notice has ...