Indonesia and the UK Ink Cassava Export Deal
Source tempo.co Indonesia and the UK Ink Cassava Export Deal Jakarta's TEMPO.CO Particularly in light of the UK's Brexit, Indonesia and the UK have reached an agreement on the country's concession timetable for the Tariff Rate Quota (TRQ) with country-specific Indonesia for cassava goods. With a 6 percent tariff, Indonesia may export up to 660,000 tons of cassava (HS 071410) annually using this. On October 24, at the World Trade Organization's Senior Official Meeting (SOM) in Geneva, the agreement was signed (WTO). The agreement was signed by DG Djatmiko Bris Witjaksono of Indonesian International Trade Agreements Negotiations and DG Joanna Crellin of the UK Trade System. Djatmiko said that Brexit's opportunities and challenges were the reason behind Indonesia and the UK's agreement. First of all, TRQ varies per nation. This means that just 660,000 cassava are meant for Indonesia annually. Second, the import duty on cassava will drop to 6% as a result of this ar