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Indonesia:Post ''Tsunami'' trade relief package expected in June |
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2005-4-5
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Official at the Indonesian Embassy in Washington has stated that the United States Congress take a preliminary decision on Indonesia''s proposal for post-tsunami trade relief in June.
"Congress will gather comments from all stakeholders regarding the preliminary decision expected to be issued in June," Iman Pambagyo, the embassy''s commercial attache, said here on Friday after a bilateral trade meeting between the U.S. and Indonesia, adding that the latter officially submitted the proposal to the U.S. government on March 7.
The proposal contains preferential cuts in import duties, suspension on all Indonesian dumping and subsidy cases, the provision of capacity-building facilities in the area of sanitary and phitosanitary (SPS) and granting the status of "Qualifying Industrial Zone" for local bonded zones.
He said Indonesia proposed preferential tariff treatment for 207 detailed groups of products, on which import duties range between 2 percent and 7.5 percent.
The scheme formally known as the Generalized System of Preference (GSP) program, under which developed countries grant preferential duty cuts for selected products from developing countries.
Furthermore, a Qualifying Industrial Zone status would allow local
bonded zones such as Batam to play a role in preferential trade agreements formed between the U.S. and any neighboring countries, in this case Singapore.
Currently, the European Union also offers a similar GSP scheme that offers trade preference only for footwear products. More preferential treatment for local tuna, shrimp and textiles, among other things is also expected soon.
While, world aid for the tsunami-devastated countries on the Dec. 26, 2004 that claimed over 280,000 lives still pours in, more and more developed countries have also offered some trade relief to them to alleviate their financial problems. |
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