Indonesia’s wood products, such as sheet materials, will no longer be subject to the current tax of between 3 and 6%, while tax on plywood and boards will be reduced by 3.5% from the current tax of between 7 and 10%, the EC said in a recent statement.
The decision was made after the EU member states adopted in July a new regulation proposed by the EC amending the preferential import tariff scheme to the EU called the Generalized System of Preferences (GSP).
“GSP is a vital tool for our pro-development EU trade policy. The continuation of GSP will ensure stability and predictability for beneficiaries and traders in the EU and developing countries,said EU trade commissioner Peter Mandelson.