News

Indonesia plans to raise export taxes on raw materials

30/07/2002

The Indonesian government plans to re-impose export duties on raw hides in order to ensure sufficient supplies reach the local market.

According to the director of agricultural and mining product exports at the Ministry of Industry and Trade, Ferry Yahya, the export duties would be set at between 20% and 25 % from the current rate of 0%. The proposed move is dependent upon a ministerial decree, although Mr Yahya revealed that Minister of Finance Boediono had agreed in principle.

To continue reading this story, please sign in or register.