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Indonesia: Businesses told to report dumping practices
20/07/2012 12:00
With Indonesia increasingly becoming a target for dumping practices by foreign exporters, the government is urging the business community to file complaints early rather than waiting until financial losses are suffered.
A government regulation introduced in November provided a mechanism for filing complaints at the first sign of dumping, which would trigger an official investigation, Joko Wiyono, the vice chair of the Indonesian Anti-Dumping Committee (KADI), said on Wednesday.
Government Regulation No. 34/2011 on safeguards and anti-dumping measures has rarely been used even though many countries continue to ship products at cut throat prices, Joko said in a meeting with members of the Indonesian Chamber of Commerce and Industry (Kadin).
KADI, an agency under the Trade Ministry, was currently handling five dumping-related cases, which involved foreign exporters from 10 countries, he said.
“The number would be higher if more businesspeople reported to us,” he added. Imports surged 16.09 percent year-on-year to US$17.21 billion in May, while exports dropped 8.55 percent to $16.72 billion. The cumulative value of imports grew 16.62 percent in the first five months of 2012 compared to the same period last year, according to the Central Statistics Agency (BPS).
Ratna Sari Loppies, a senior Kadin official, singled out China, which she said had diverted most its exports from crisis-hit Europe to Indonesia.
A government regulation introduced in November provided a mechanism for filing complaints at the first sign of dumping, which would trigger an official investigation, Joko Wiyono, the vice chair of the Indonesian Anti-Dumping Committee (KADI), said on Wednesday.
Government Regulation No. 34/2011 on safeguards and anti-dumping measures has rarely been used even though many countries continue to ship products at cut throat prices, Joko said in a meeting with members of the Indonesian Chamber of Commerce and Industry (Kadin).
KADI, an agency under the Trade Ministry, was currently handling five dumping-related cases, which involved foreign exporters from 10 countries, he said.
“The number would be higher if more businesspeople reported to us,” he added. Imports surged 16.09 percent year-on-year to US$17.21 billion in May, while exports dropped 8.55 percent to $16.72 billion. The cumulative value of imports grew 16.62 percent in the first five months of 2012 compared to the same period last year, according to the Central Statistics Agency (BPS).
Ratna Sari Loppies, a senior Kadin official, singled out China, which she said had diverted most its exports from crisis-hit Europe to Indonesia.
Thu, July 19 2012, 10:38 AM
Source: The Jakarta Post
Source: The Jakarta Post
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