MANILA, Philippines, 17th November, 2015 (WAM) — At the APEC Economic Leaders Week, AELW, Indonesia will advocate the introduction of a policy for reduced tariffs on products that contribute towards rural development, or are classified as “development goods”, the Indonesian news agency, ANTARA News, has reported.
“Of the 21 members of the Asia Pacific Economic Cooperation Forum, APEC, four have pioneered the development goods concept. For such goods, we will later ask for a special facility for international trade,” Trade Minister Thomas Lembong said on the sidelines of the APEC meetings on Monday.
He said the four pioneering countries are Peru, Papua New Guinea, Vietnam and Indonesia. He said if the concept is approved by the APEC members, a number of commodities categorised under development goods would attract the reduced tariff.
The Director General of International Trade Cooperation of the Ministry of Trade, Bachrul Chairi, said that no fewer than 157 products could be categorised as development goods. Among these, Indonesia would fight for certain goods, including palm oil, rubber, fishery and marine products, and forestry products.
The APEC meeting in Manila will be attended by 21 APEC economies leaders, and the AELW is attended by senior officials, corporate leaders, trade ministers, foreign ministers and leaders from 21 APEC economies.