Indonesia and the UK have agreed on the country's concession schedule for the Tarif Rate Quota (TRQ) with country-specific Indonesia for cassava products. This means that Indonesia could export up to 660,000 tons of cassava per year, with a 6 percent tariff.
The agreement was signed in Geneva on October 24. Indonesian International Trade Agreements Negotiation DG Djatmiko Bris Witjaksono believes that Indonesia and the UK's agreement was due to Brexit offering chances and challenges. "This will benefit the Indonesian exporters. Compared to the tariff before TRQ, Indonesia must be sanctioned with the regular tariff of the most favored nation in Indonesia amounting to £7.90 per kilogram," he said.
The domestic demand for cassava products in the UK averaged 4,268 tons for the past 10 years. Indonesia's contribution to that demand has been relatively small, with 1.95 percent of the market share from the total UK imports.
Source: en.tempo.co