Starting the preliminary discussion in 2003, and agreed on November 2006 by both countries, the JIEPA (Economic Partnership Agreement between Japan and the Republic of Indonesia) finally entered into force on July 01, 2008.
This EPA will promote liberalization and smooth facilitation of trade and investment and advancing cooperation in such matters as movement of persons, energy and mineral resources, intellectual property and improvement of business environment. With this EPA, approx. 90% of export from Japan to Indonesia will be zero duty, and approx. 93% of import from Indonesia will be zero duty.
There are some points exporters/importers taken into consideration for using JIEPA operationally.
1) The duty rate negotiation of JIEPA were based on MFN (Most Favorite Nation) rate in 2006. The EPA duty rate was decided by considering the MFN at that time. Since then, Indonesia government reduced MFN rate of certain quantity of items, therefore there are some items MFN rate is more favorable than EPA rate which is effective on July 1st. Companies who use the EPA rate are encouraged to check the latest MFN rate. In JIEPA, if MFN rate is lower than EPA rate, the EPA rate will be adjusted to same rate as MFN.
2) The tariff code for JIEPA is based on HS code 2002 version. In Japan, current customs declaration is based on updated HS code 2007 version. The JIEPA customs operation continue to be based on HS 2002 code. If companies apply JIEPA tariff, they need to take care the Country of Origin document, which is mandatory to submit to customs, must show with HS code of 2002. The Japan Chamber of Commerce and Industry handle the issue of Country of Origin documents and they are open to any questions relating to this tariff classification matter.
This EPA will promote liberalization and smooth facilitation of trade and investment and advancing cooperation in such matters as movement of persons, energy and mineral resources, intellectual property and improvement of business environment. With this EPA, approx. 90% of export from Japan to Indonesia will be zero duty, and approx. 93% of import from Indonesia will be zero duty.
There are some points exporters/importers taken into consideration for using JIEPA operationally.
1) The duty rate negotiation of JIEPA were based on MFN (Most Favorite Nation) rate in 2006. The EPA duty rate was decided by considering the MFN at that time. Since then, Indonesia government reduced MFN rate of certain quantity of items, therefore there are some items MFN rate is more favorable than EPA rate which is effective on July 1st. Companies who use the EPA rate are encouraged to check the latest MFN rate. In JIEPA, if MFN rate is lower than EPA rate, the EPA rate will be adjusted to same rate as MFN.
2) The tariff code for JIEPA is based on HS code 2002 version. In Japan, current customs declaration is based on updated HS code 2007 version. The JIEPA customs operation continue to be based on HS 2002 code. If companies apply JIEPA tariff, they need to take care the Country of Origin document, which is mandatory to submit to customs, must show with HS code of 2002. The Japan Chamber of Commerce and Industry handle the issue of Country of Origin documents and they are open to any questions relating to this tariff classification matter.
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