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Indonesia raises import duty on consumer goods

India's merchandise exports contracted for the ninth straight month in August, government data showed on Tuesday, marking a 20.66 per cent drop year-on-year because of continuing weak global demand.

[JAKARTA] Indonesia has raised the import duty for many consumer goods, from food and beverages to clothing and condoms, a finance ministry official said.

The finance minister decree took effect on Thursday, following an evaluation of recent economic conditions, the regulation said. "It is meant to push local industry," Suahasil Nazara, head of the fiscal policy office at the ministry, told Reuters on Thursday.