Indonesian fish is subject to high taxes in Europe, the KKP wants to do this

Published 2023년 11월 9일

Tridge summary

The Ministry of Maritime Affairs and Fisheries in Indonesia has stated that the European Union (EU) is currently implementing high export tariffs on Indonesian fishery products. However, Indonesia benefits from the Generalized System of Preferences (GSP), which provides reduced import duties on its products compared to normal rates. The ministry plans to continue pushing for the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) to eventually achieve a 0% import duty rate and improve the quality of fishery products to strengthen bargaining power with the EU.

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Original content

Jakarta, CNBC Indonesia - The Ministry of Maritime Affairs and Fisheries (KKP) said that currently the European Union is still implementing a high export tariff policy for Indonesian fishery products. Director General of Strengthening the Competitiveness of Maritime and Fisheries Products (PDSPKP) KKP, Budi Sulistyo, said that Indonesia has a Generalized System of Preferences (GSP) or a country's trade policy which provides cuts in import duties on export products from recipient countries, so that import duties on Indonesian products go to The European Union has dropped slightly compared to its normal rates. "Indonesian products are still (subject to high taxes). But we have GSP, right? So it's a bit down compared to the usual, normal rates," said Budi when met at the Muara Baru 1000 Ton Cold Storage, North Jakarta, Thursday (9/ 11/2023). "For example, for tuna, if the normal tariff is 24%, we get 20.5%. We get tariff preferences from the European Union, so that countries like ...

Source: Cnbcindonesia