US EditionIndonesia to remove import duties on some plastic products and LPG for petrochemical industry
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The government has reduced import duties on LPG and plastic raw materials to 0% for six months. This policy aims to mitigate the impact of rising global prices and maintain stable food and domestic industrial prices amid geopolitical tensions.
Indonesia to remove import duties on some plastic products and LPG for petrochemical industry
JAKARTA, April 28 : Indonesia plans to remove import duties on some plastic products as well as liquified petroleum gas (LPG) bought by the petrochemical industry to help plastic producers cope with a naphtha shortage, its chief economic minister said on Tuesday.Coordinating Minister for Economic Affairs Airl
On Tuesday, the Indonesian Minister for Economic Affairs, Erlanga Hartartu, announced his country's intention to eliminate import duties on certain plastic products as well as liquefied petroleum gas used in the petrochemical industry, in order to help plastic producers cope with the shortage of "breath." Erlanga said - as Chanel News Asia was quoted in its English-speaking publication - that this decision would come into effect next May.
Coordinating Minister Airlangga explained that the exemption from import duties on LPG and plastic raw materials was taken as an emergency measure to replace naphtha, the main raw material for the petrochemical industry.
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