ASEAN KEY DESTINATIONS
Investigation into imported wire launched
Trade Security Committee (KPPI) started on Monday an investigation into imported iron and steel wire for construction use, which allegedly impacted on the sales of similar domestic products.
KPPI chairwoman Halida Miljani said in a statement that the investigation was made in response to a petition filed to the committee by Indonesia's leading manufacturer of wire products, PT Bevananda Mustika, and based on preliminary data showing surging imports of the products that potentially hurt the company.
“The government will keep protecting local producers from unfair trade practices. If the imported products are proven to have hurt local producers, we will immediately impose safeguard measures,” she said.
Under World Trade Organization rules, the government can impose a provisional measure on imported products for 200 days at the maximum after the committee initiates an official investigation.
Currently, imported steel products, including wire, are charged a 15 percent import duty.
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