Eliminating Import Duties, Palestinian Products Now Dominate the Indonesian Market

Bisnis | Ekonomi - Posted on 08 November 2023 Reading time 5 minutes

Palestinian products are currently dominating the Indonesian market. Several Palestinian products are imported and freely sold in Indonesia.

 

In 2019, the Indonesian government removed import duties for products originating from Palestine. This decision is outlined in the Minister of Finance Regulation (PMK) No. 126/PMK.010/2018, which determines import duty rates to facilitate trade for specific products from the Palestinian territory.

 

Some of the Palestinian products widely available in Indonesia include fresh or dried dates, olive oil, screws, bolts, and nuts. Dates and olive oil are products that are not extensively produced in Indonesia, making the elimination of import duties an essential step. It also contributes to the enhancement of bilateral trade relations between Indonesia and Palestine.

 

Furthermore, according to various sources, President Joko Widodo has provided a unilateral facility for Palestine. This facility involves the exemption of import duties for dates and olive oil products. This step is not limited to dates and olive oil alone, as other Palestinian products will also receive the same facility. This action represents Indonesia's support for Palestine.

 

In addition to import duty assistance, Indonesia is also providing support in the form of human resource capacity development to prepare Palestine for its independence.

 

The translation appears to adhere to the rules and conventions of proper English writing. However, if you have any specific concerns or questions about the translation, please let me know, and I'll be happy to address them.

Source: economy.okezone.com

What do you think about this topic? Tell us what you think. Don't forget to follow Digivestasi's Instagram, TikTok, Youtube accounts to keep you updated with the latest information about economics, finance, digital technology and digital asset investment.

 

DISCLAIMER

All information contained on our website is summarized from reliable sources and published in good faith and for the purpose of providing general information only. Any action taken by readers on information from this site is their own responsibility.