“India has requested for consultations with Indonesia on the WTO on its proposal to increase safeguard duties on ceramic tile merchandise for an additional two years, from November 18 2024 until November 17 2026. It stated that exchanging views with Indonesia on the extension of the measures was essential because it had substantial commerce curiosity within the export of the merchandise involved,” the supply advised businessline.
Safeguard duties are customized duties that may be imposed quickly by a member nation of the World Commerce Organisation to guard a particular home business from a rise in imports of any product which is inflicting, or which is threatening to trigger, hurt to the business.
Responsibility on India
Indonesia proposes to impose safeguard duties of 12.72 per cent within the first yr after which cut back it barely to 12.44 per cent within the second yr.
“Whereas it’s China that’s primarily accountable for the continued influx of ceramic tile merchandise into Indonesia, the extension of safeguard duties past November 2024 for an additional two years will harm Indian exports, which have already dwindled over the previous few years due to the nation’s safeguard measures,” the supply stated.
The preliminary definitive safeguard measure on ceramic tile merchandise was imposed by Indonesia from October 12, 2018, till October 11, 2021, and was then prolonged for an additional three years from November 18, 2021, till November 17, 2024.
Whereas India was initially amongst nations exempted from safeguard duties, Indonesia determined to take away India and Vietnam from the exemption checklist in August, 2020.
Dip in export since 2020
“There was a steep fall in India’s exports of ceramic tile merchandise to Indonesia since 2020, indicating that the shipments don’t pose a severe menace to home producers within the nation,” the supply stated. Exports of ceramic merchandise to Indonesia constantly fell from $76.08 million in 2019-20 to $26.08 million in 2023-24, based on authorities figures.
Whereas China accounts for over 88 per cent of whole imports of ceramic tile merchandise to Indonesia, India’s share is simply 2.77 per cent, per figures shared by the Indonesian authorities.
Though India’s export of ceramic merchandise to Indonesia have taken successful as a result of safeguard duties, its whole export of the merchandise is growing. In 2023-24, India exported ceramic merchandise value $ 3.04 billion, which was 18.59 per cent greater than exports, value $2.57 billion, the earlier fiscal.
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