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The drop should encourage (us) that Indonesia’s meals and drinks may be accepted and have the potential to extend their market share in China.
Beijing (ANTARA) – Indonesia recorded a surplus of US$1.12 billion in its commerce with China in the course of the January–April interval this yr.
Through the interval, Indonesia’s exports to China reached US$22.74 billion, whereas its imports from the world’s second-largest financial system stood at US$21.62 billion.
“Because of this, Indonesia recorded a commerce surplus of US$1.12 billion with China,” Indonesian Ambassador to China Djauhari Oratmangun knowledgeable on Tuesday.
Through the interval, bilateral commerce between the 2 international locations swelled 34.36 % yr on yr to the touch US$44.36 billion.
Nevertheless, Indonesia’s processed meals and beverage exports to China within the first 4 months of 2022 fell 23.17 % to achieve US$1.46 billion in comparison with US$1.90 billion within the corresponding interval of the earlier yr.
The ambassador attributed the drop to the Normal Administration of Customs China’s (GACC)’s new regulation on processed meals imports, which got here into impact on January 1, 2022.
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The enforcement of the brand new regulation hindered the unloading of products from Indonesia at a number of ports in China for not assembly the GACC necessities.
“The drop should encourage (us) that Indonesia’s meals and drinks may be accepted and have the potential to extend their market share in China,” he mentioned.
The regulation makes it obligatory for international producers of processed meals and drinks to register their manufacturing amenities with the GACC earlier than exporting their merchandise to China.
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