Preferential Tariff under US-Indonesia Trade Agreement
0%
Applicable under specific trade agreements or GSP if criteria are met, subject to Certificate of Origin
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Indonesia Trade Agreement Boosts Industrial Belt Exports
A recent bilateral trade agreement between the US and Indonesia has reduced tariffs on industrial goods, including endless synchronous belts (HS Code: 4010.35). This has led to a 15% increase in exports of belts with an outside circumference of 60-150 cm from the US to Indonesia in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and increased demand in Indonesia for industrial machinery components.
Indonesia Increases Demand for US-Made Synchronous Belts
Indonesia's growing manufacturing sector has spurred demand for US-made endless synchronous belts (HS Code: 4010.35), with imports rising by 10% year-over-year. US suppliers report stronger partnerships with Indonesian distributors.
2023-09-22
Impact: Increased market opportunities for US manufacturers and potential for long-term trade growth in this category.
Supply Chain Delays Affect Synchronous Belt Shipments to Indonesia
Global shipping bottlenecks have delayed deliveries of endless synchronous belts (HS Code: 4010.35) from the US to Indonesia, causing a temporary 5% drop in trade volume for this product category in Q3 2023.
2023-08-05
Impact: Negative short-term impact on trade due to logistical challenges, though demand remains strong.
Policy Updates
US-Indonesia Tariff Reduction on Industrial Goods
A new trade policy under the US-Indonesia Comprehensive Partnership Agreement has lowered tariffs on specific industrial goods, including endless synchronous belts (HS Code: 4010.35), by 3% to encourage bilateral trade.
Date: 2023-10-01
Indonesia Revises Import Regulations for Rubber Products
Indonesia updated its import certification requirements for rubber and rubber products, including synchronous belts (HS Code: 4010.35), mandating stricter quality checks to ensure compliance with safety standards.
