Live Streaming
Program Highlight
Company Profile
Zona Integritas
Monday, 21 September 2020 15:55

President Issues Trade Protocol To Boost Exports in ASEAN

Written by 
Rate this item
(1 Vote)
containers at Tanjung Priok Port, in Jakarta, on Tuesday. containers at Tanjung Priok Port, in Jakarta, on Tuesday. ANTARA FOTO/Sigid Kurniawan

The government ratified the first protocol to amend the ASEAN goods trade agreement through Presidential Regulation No. 84 of 2020 to boost exports of countries within the Southeast Asia region.

Director of International and Interagency Customs at the Ministry of Finance, Syarif Hidayat, said in Jakarta on Monday that after the protocol was ratified, a Minister of Finance Regulation on Procedures for Imposing Import Duty Tariffs on Imported Goods Based on the ASEAN Goods Trade Agreement.

"[ASEAN] issued the protocol as a legal basis and guidelines related to the procedure for granting preferential tariffs on the approval of ASEAN trade in goods," he said.

The protocol, which came into effect Sep. 20, 2020, regulates a new scheme in implementing the Declaration of Origin of Goods which using Independent Certification or ASEAN Wide Self Certification (AWSC), replacing the old scheme of Invoice Declaration.

"With the stipulation of the protocol, the ATIGA (ASEAN Goods Trade Agreement) which previously referred to protocol Number 229 / protocol 07/2017 now refers to this protocol," he said.

The provisions apply to imported goods whose customs notification has got the registration number and date from the Customs Office.

The Invoice Declaration issued before the enforcement of this protocol is still in effect.

The procedures for the imposition of tariffs are carried out in accordance with the procedures listed in the ASEAN Trade in Goods Agreement (ATIGA) and the 2nd SCPP MoU. (Antaranews)

Read 465 times