Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

US Removes Indonesia from Developing Countries List

24 February 2020 13:14 WIB

TEMPO.CO, Jakarta - The US government has decided to remove a number of countries from the list of developing countries eligible to special differential treatments (SDT), including Indonesia. Economists say that this will not complicate Indonesia's trade position, as Donald Trump's policy to review the list of countries with anti-dumping duties leniencies does not make Indonesia a direct target.

According to Bahana Sekuritas' chief economist Satria Sambijantoro, America is doing this to make it easier for them to "apply anti-dumping duties or countervailing duties (CVD), so Trump can charge more from Chinese goods."

According to Satria, CVD is different from Generalized System of Preferences (GSP). CVD is the duty imposed by the government of the importing country to balance the price of the same product made domestically, and even out the prices of foreign products based on export subsidies obtained from the originating countries. 

"Meanwhile, the GSP is a facility provided unilaterally by the US to promote growth in developing countries, [and that is] not revoked," Satria said here on Monday, February 24, as reported by Bisnis.com.

To date, there are eleven Indonesian commodities subject to the CVD, including biodiesel, carbon, steel rods, frozen shrimp, Monosodium Glutamate (MSG), various types of polyethlene plastic, and more recently wind towers.

Meanwhile, there are 3,544 other Indonesian export products that still enjoy the GSP facility. 

Satria said that the US market remains very important for Indonesia's trade balance performance. Throughout 2019, Indonesia enjoyed a trade surplus that is "bigger when compared to India and the European Union," he said.

As per February 10, 2020, the US officially removed Indonesia and a number of other countries—including South Korea, Thailand, Singapore and Vietnam—from the list of developing and least-developed countries. With this policy, Indonesia will no longer receive special differential treatment (SDT) available in the WTO Agreement on Subsidies and Countervailing Measures.

BISNIS



Hong Kong Promotes Muslim-friendly Tourism to Attract Indonesian Visitors

3 jam lalu

Hong Kong Promotes Muslim-friendly Tourism to Attract Indonesian Visitors

Hong Kong is one of the go-to travel destinations for tourists from Indonesia.


Indonesia Still Attractive To Investors Amid Leadership Transition: Report

10 jam lalu

Indonesia Still Attractive To Investors Amid Leadership Transition: Report

Indonesia remains attractive to foreign investors amid the government's leadership transition, Antara news agency cited a recent report.


Indonesia Commits to Strengthening Concrete Cooperation with Melanesian Spearhead Group

21 jam lalu

Indonesia Commits to Strengthening Concrete Cooperation with Melanesian Spearhead Group

Indonesia reaffirms its commitment to strengthen concrete cooperation with the Melanesian Spearhead Group (MSG).


Indonesia, Cambodia Eye Potential Infrastructure Cooperation

1 hari lalu

Indonesia, Cambodia Eye Potential Infrastructure Cooperation

This year marks the 65th anniversary of diplomatic relations between Indonesia and Cambodia.


Indonesia Punishes 240 Civil Servants Who Violated Neutrality in Elections

2 hari lalu

Indonesia Punishes 240 Civil Servants Who Violated Neutrality in Elections

The Indonesian government has sanctioned a total of 240 civil servants found violating their commitments to neutrality during 2024 general election.


Indonesia Holds Meeting with World Water Council to Discuss 10th WWF Readiness

2 hari lalu

Indonesia Holds Meeting with World Water Council to Discuss 10th WWF Readiness

Indonesia held a meeting with World Water Council president to discuss the Indonesian government's readiness to host the 10th WWF


Indonesia Announces 14 New National Strategic Projects

3 hari lalu

Indonesia Announces 14 New National Strategic Projects

The Indonesian Government has determined 14 new national strategic projects in a bid to actualize equitable development in the country.


Vietnam, Indonesia to Strengthen Economic Partnership Through Cutting-edge Technology Mastery

3 hari lalu

Vietnam, Indonesia to Strengthen Economic Partnership Through Cutting-edge Technology Mastery

Indonesia and Vietnam have planned to strengthen strategic economic partnerships through the mastery of cutting-edge technology.


Today's Top 3 News: Indonesia Condemns Terrorist Attack at Russia's Concert Theater

3 hari lalu

Today's Top 3 News: Indonesia Condemns Terrorist Attack at Russia's Concert Theater

Tempo English compiled the top 3 news on Sunday, March 24, 2024.


Indonesia Takes Over Natuna's Airspace from Singapore

4 hari lalu

Indonesia Takes Over Natuna's Airspace from Singapore

The International Civil Aviation Organisation (ICAO) had approved the proposal of flight information region (FIR) takeover from Singapore to Indonesia