With effect from November 12, 2021, the southeast Asian nation of Indonesia has imposed a safeguard duty for a period of three years, on almost all clothing items entering the country from several nations, including Bangladesh. However, the duty will decrease every year, according to a notification by the Indonesian ministry of finance submitted to the World Trade Organisation (WTO).
The duty for the current year ranges between $1.33 and $4.34 per piece, which will decline to $1.26 and $4.12 per piece in the second year, which will further reduce to between $1.20 and $3.91 per piece in the third year, according to media reports in Bangladesh.However, the decision would hardly have any effect on Bangladesh’s apparel exports to Indonesia, which are around $30 million annually.
