ID :
24553
Wed, 10/15/2008 - 15:34
Auther :
Shortlink :
http://m.oananews.org//node/24553
The shortlink copeid
GOVT ADVISED TO ISSUE RULE ON VERIFICATION OF STEEL IMPORTS
Jakarta, Oct 15 (ANTARA) - The government is called on to issue a regulation that requires the verification of steel imports in an effort to protect local steel market from the flooding of illegal steel imports, particularly diverted imports from the United States.
"We are proposing that a restricted regulation should be issued, namely a requirement to verify steel imports to know what for they are imported, and whether or not they are producers of the same type at home. This is very urgent at the current conditions," Deputy Chairman of the Indonesian Iron and Steel Institute Association (IISIA), Irvan K. Hakim, said here on Tuesday.
He said that with the current global financial crisis, demand for steel from the United States and European countries was declining. Thus, major steel exporter countries like India and China would seek for alternative markets.
"We want the government to take protective steps for domestic market because there have been floating cargoes because they could not enter the United States as the US currency reserves are running short so that the country is canceling imports," he said.
He said that in that conditions Indonesia would be a safer place to divert exports.
"There are about 25 or 30 US-bound cargo ships which are now changing courses to Indonesia," he said.
"We are proposing that a restricted regulation should be issued, namely a requirement to verify steel imports to know what for they are imported, and whether or not they are producers of the same type at home. This is very urgent at the current conditions," Deputy Chairman of the Indonesian Iron and Steel Institute Association (IISIA), Irvan K. Hakim, said here on Tuesday.
He said that with the current global financial crisis, demand for steel from the United States and European countries was declining. Thus, major steel exporter countries like India and China would seek for alternative markets.
"We want the government to take protective steps for domestic market because there have been floating cargoes because they could not enter the United States as the US currency reserves are running short so that the country is canceling imports," he said.
He said that in that conditions Indonesia would be a safer place to divert exports.
"There are about 25 or 30 US-bound cargo ships which are now changing courses to Indonesia," he said.
