Indonesia Has Imposed Immediate Zero Tariffs On 65.1 Per Cent Of Products Originating in China

The Regional Comprehensive Economic Partnership (RCEP) took effect in Indonesia on Jan 2, bringing the number of RCEP members in force to 14 out of 15. After the RCEP goes into effect for Indonesia, China and Indonesia will mutually implement the RCEP tariff rates in accordance with the commitments of the RCEP agreement.

Under the RCEP, based on the China-Asean Free Trade area, Indonesia has granted zero tariff treatment to over 700 additional Chinese products, including some auto parts, motorcycles, televisions, clothing, shoes and plastic products.

Among them, some auto parts, motorcycles, some clothing products and other products will be immediately zero-tariff from January 2, and other products will be gradually reduced to zero-tariff within a certain transition period.

On the basis of the China-Asean free trade Agreement, China will further open its market by lowering taxes on Indonesian pineapple juice and canned juice, coconut juice, pepper, diesel oil, paper products, some chemical products and auto parts.