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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Home arrow Latest News arrow The Textile Industry is Less Take Advantage of US-China Trade War Opportunities


				
			
			
The Textile Industry is Less Take Advantage of US-China Trade War Opportunities PDF Print E-mail
Written by Maizer   
Monday, 10 June 2019

The Minister of Trade was asked to improve textile industry by harmonizing tariffs. The trade war between the United States (US) and China opens up opportunities for the export market for the country's textile industry.

 

However, the opportunity cannot be fully utilized because it is still hampered by structural problems. "The textile industry is still poor (seizing opportunities) because there are structural problems, both at the technical and trade levels," said Chairman of the Indonesian Textile Association (API) Ade Sudrajat.

 

With tariff harmonization, he said the trade balance deficit could be reduced and save foreign exchange.

 

"Then tariff harmonization can increase textile exports," he said. Beyond that, Ade said there were still technical problems such as old textile machinery and lower industrial competitiveness than other countries.

 

Anticipating US Steps to Review Trade Meanwhile, Secretary General of the Indonesian Textile Association (API) Ernovian G. Ismy said Indonesia must anticipate US steps in reviewing trade agreements with a number of countries, such as Australia, the Middle East, Korea and Singapore. Because, Indonesian exports can decline against the country, including garment exports.

 

In addition, the US will also review trade agreements on textiles and textile products (TPT) with a number of countries, such as China and Vietnam.

 

"This needs to be watched out because China and Vietnam are Indonesian textile export destinations," he said. Therefore, he considered Indonesia must attract foreign direct investment in the textile sector. This can be done by fixing the costs of labor wages, improving industrial operational costs, and integrating the textile industry.

 

For information, the total export of Indonesian textile products during the first quarter of 2019 reached US $ 3.37 billion, down 3.8% compared to exports in the first quarter of 2018 of US $ 3.5 billion. While imports reached US $ 2.31 billion, down 3.8% compared to last year, the same period amounted to US $ 2.4 billion.

 

 
		
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