Indonesian trade minister supports the proposal of soybean import tax of 22%

OA show ('918 '); [Indonesia's trade minister supports the proposal of soybean import tax of 22%] luhut panjaitan, Indonesia's trade minister, said on February 21 that he would support the proposal of imposing import tax of 22% on imported soybeans, but first need to clarify the matter with the International Monetary Fund "The Indonesian government agrees with the parliamentary proposal," luhut told reporters According to the legislature, the move aims to help local farmers who complain about the damage to the market caused by cheap imports Luhut also said he believes that a higher import tax on soybeans will be considered if necessary, but it needs to be negotiated with the legislature in advance "A maximum import tax of 25 percent can be imposed," he said However, the International Monetary Fund may vote against the tax plan because it opposes the creation of trade barriers for agricultural products Indonesia clashed with the International Monetary Fund last year over an import tax on rice and sugar The International Monetary Fund is currently leading a three-year, five billion dollar rescue plan for Indonesia China feed industry information network GWJ (author:)