World & BusinessIndonesia to exit EU tariff preference scheme on January 1, 2027
The Jakarta Post reports that Indonesia is racing to seal an EU trade deal as it prepares to leave the GSP after three consecutive years classified as an upper-middle-income country.
TLDR
The EU has confirmed that Indonesia will leave its GSP tariff preference scheme on January 1, 2027, The Jakarta Post reports. The exit follows three consecutive years of upper-middle-income classification. Indonesia is racing to seal a trade deal with the bloc as the tariff incentive expires, the newspaper says.
Indonesia to exit EU tariff preference scheme on January 1, 2027
The Jakarta Post reports that Indonesia is racing to seal an EU trade deal as it prepares to leave the GSP after three consecutive years classified as an upper-middle-income country.
TLDR
The EU has confirmed that Indonesia will leave its GSP tariff preference scheme on January 1, 2027, The Jakarta Post reports. The exit follows three consecutive years of upper-middle-income classification. Indonesia is racing to seal a trade deal with the bloc as the tariff incentive expires, the newspaper says.
