Japan to Lift Tariffs on Nonferrous Metals and Ores from Indonesia

Japanese and Indonesian governments basically reached to economic partnership agreement (EPA) on Monday. Tariffs will be abolished immediately for imports from Indonesia including nonferrous metals and ores, which represented 15.4% or 353.9 billion yen in 2.298 trillion yen of Japanese total imports from Indonesia in 2005.Japanese copper ore import from Indonesia was 119.8 billion yen in 2005, while nickel mat 90 billion yen, primary aluminium ingot 25 billion yen, stainless steel 900 million yen, ferronickel 800 million yen and aluminium alloy ingot 600 million yen. In 2004 Japan imported 619,000 tonnes of copper ore, 12,000 tonnes of tin ingot and 1,600 tonnes of copper ingot from Indonesia.