June 27, 2019 / 7:29 AM / 4 months ago

Indonesia sets new tariff for Indian raw sugar imports

JAKARTA, June 27 (Reuters) -

* Indonesia changes import tax for Indian raw sugar to 5% from previously a nominal duty of 550 rupiah ($0.0389) a kilogram, according to a finance ministry regulation published on Thursday.

* The government has previously said it was making changes to the import duty rules for Indian products in hope that India will reciprocate by opening up its market to Indonesian exports such as palm oil.

* The regulation will take into effect on July 8, 2019. ($1 = 14,155 rupiah) (Reporting by Bernadette Christina Munthe; editing by Gopakumar Warrier)

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