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). Bark Boiler,Whrb Boiler,Wood Burn Boiler,Forest Waste Boiler Jinan Boiler Group Co., Ltd. , https://www.jinanboilergroup.com
Indonesia's 2017 tire imports or big drop boost domestic tire investment
Indonesia's 2017 tire imports or big drop
A few days ago, the chairman of the Indonesian Tire Industry Association (APBI) Aziz Bane said that the new regulations on the import of tires came into effect on January 1, 2017 and the market has already felt its influence.