Bags / Shoes & Accessories

International trade has steadily developed, RCEP has taken effect in Indonesia, and clothing, shoes, and boots have gradually zero tariffs!

According to the Ministry of Commerce, the Regional Comprehensive Economic Partnership Agreement (RCEP) entered into force for Indonesia on January 2. As of now, 14 of the 15 members of the RCEP have entered into force. After the entry into force of RCEP for Indonesia, in accordance with the commitments of the RCEP Agreement, China and Indonesia will mutually implement the tax rate of the RCEP Agreement to promote the development of international trade enterprises.

Under RCEP, Indonesia has granted zero tariff treatment to more than 700 tax code products in China based on the China ASEAN Free Trade Area, including some automotive parts, motorcycles, televisions, clothing, shoes, and plastic products. Among them, some auto parts, motorcycles, and some clothing products will immediately achieve zero tariffs from January 2, while other products will gradually be reduced to zero tariffs within a certain transition period, benefiting the development of international trade enterprises.

China will also, on the basis of the China ASEAN Free Trade International Trade Agreement, reduce taxes on pineapple juice and canned goods, coconut juice, pepper, diesel, paper products, some chemicals, and auto parts produced in Indonesia, and further open the international trade market.