Inception date: 01 Aug 2012 | Removal date: open ended

Import tariff

On 13 August 2012, the Minister of Finance released a regulation to temporarily abolish the import duties on soybeans with tariff heading 1201.90.00. The measure is a reaction to the increased global price of soybeans due to U.S. droughts. It is mainly targeted to support the local tofu and tempeh industry and remains in force until 31 December 2012.

Update on 2 August 2018

Since then, the suspension has been consequently prolonged. In July 2018, the Indonesian Trade Minister has stated that any plans of lifting the suspension have been scrapped, given that most soybean imports originate from the United States and Indonesia would not want to reduce its chances of being left of the US GSP regime. Indonesia is currently one of three countries facing a review of whether it should be scrapped from the regime.