Indonesia's 2017 tire imports or big drop boost domestic tire investment He believes that the new regulations can protect Indonesia's domestic tire industry. In 2017, Indonesia's tire imports are expected to decrease by 20%-30%.
The new regulations stipulate that Indonesian tire imports must obtain a recommendation from the Ministry of Industry and verify several documents in the port of loading and unloading.
At the same time, the inspector has the obligation to submit a verification report in writing at the latest on the 15th of each month. Violators will be delayed to issue import licenses.
Local media in Indonesia said that the reduction in tire imports will boost domestic tire investment in the country.
According to reports, there are five tire companies planning to invest in Indonesia, with a total investment of up to US$2.8 billion.
The five companies are Apollo Tire (India), Aeolus Tyre (China), Zhengxin Tire (Taiwan, China), China Construction Tire (Taiwan, China) and MRF (India).
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