ASIATODAY.ID, JAKARTA – The Australian government has officially lifted anti-dumping import duties on imports of A4 paper from Indonesia. This is stated in the decision issued by the Australian authorities on February 26 2024.
Director General of Foreign Trade at the Indonesian Ministry of Trade, Budi Santoso, said that the decision to lift anti-dumping duties on imports of A4 paper from Indonesia was the result of recommendations from a revocation review investigation by the Australian Anti-Dumping Commission which was initiated on 5 May 2023.
According to Budi, the Indonesian government succeeded in convincing the Australian government that the imposition of anti-dumping duties on imported A4 paper products was no longer relevant based on the provisions of Article VI of the 1994 General Agreement on Tariffs and Trade (GATT) and other World Trade Organization (WTO) provisions, namely Anti-Dumping Agreement.
“Australia’s decision to revoke the imposition of anti-dumping import duties is very appropriate, considering that Australia’s domestic industry is no longer able to produce paper which is the object of anti-dumping import duties,” said Budi in an official statement, Friday, March 8 2024.
Meanwhile, the Director of Trade Security at the Indonesian Ministry of Trade, Natan Kambuno, explained that due to the decision to revoke anti-dumping duties on imports of A4 paper, Indonesian business actors can apply for a return or refund of anti-dumping import duties that have been paid to the Australian government, especially for paper exports to Australia after May 5, 2023.
“It is hoped that business actors can apply for a refund of anti-dumping import duties if there are paper exports to Australia after that date,” said Natan.
On the other hand, Natan reminded business actors that the lifting of anti-dumping import duties is an opportunity to boost exports to Australia. Therefore, entrepreneurs are asked to maximize this momentum to increase the competitiveness of paper product exports to Australia.
Previously, Indonesia’s A4 paper exports to Australia had slumped since the imposition of anti-dumping duties of 14.7 – 59.7% in recent years.
The Indonesian Ministry of Trade recorded A4 paper exports to Australia in 2022 of $8 million, down more than 50% compared to the export value in 2019 of $19 million.
“Collaboration of all relevant parties is a key factor in Indonesia’s success in thwarting the imposition of anti-dumping import duties,” stressed Natan. (AT Network)
Check out other news and articles at Google News and WA Channel