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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 RI Textile Weak, Jokowi Regret Open Import Door


				
			
			
RI Textile Weak, Jokowi Regret Open Import Door PDF Print E-mail
Written by Maizer   
Tuesday, 17 September 2019

President Joko Widodo (Jokowi) indicated that he regretted having left the import door wide open. As a result, performance of the domestic textile industry was sluggish, and even exports weakened amid the pressure of a slowing global economy.

 

Jokowi said that when receiving business people who are members of the Indonesian Textile Association (API) and the Association of Indonesian Synthetic Fiber and Filament Yarn (APSyFI) Associations at the Merdeka Palace, Presidential Palace Complex, Jakarta.

 

Based on Jokowi's notes, growth in exports of textiles and textile products (TPT) fell 0.6 percent in the second quarter of 2019 compared to the same period last year. The decline was in line with the minimum market share of Indonesia in the international arena, which is 1.6 percent of the total world textile trade.

 

Meanwhile, the market share of neighboring countries, such as Vietnam is still around 4.59 percent and Bangladesh 4.72 percent of total international trade. While the dominance of the market share still controlled by China reached 31.8 percent.

 

In fact, the government wants the textile industry and textile products to become one of the country's mainstay exports. Because, according to him, although full of challenges, the textile industry is able to become a motor that boosts the performance of national exports.

 

"A trade war between China and the United States (US) can be a challenge, but at the same time an opportunity to increase exports, including in textile products, as well as synthesis, and filament yarns," he said.

 

This is reflected in the growth of the textile industry and national textile products which are actually still quite high, reaching 20.71 percent in the second quarter of 2019. The growth of this industry is at least one of the five major industrial sectors that contributed to the Gross Domestic Product (GDP) in the same period , which is 1.3 percent.

 

For this reason, the former governor of DKI Jakarta wanted to hear firsthand the various input from representatives of the textile industry and textile product associations related to matters that were needed to spur industrial growth. So it is with export performance in international markets.

 

"But not too much, at least three points, we will formulate it, we will decide, then the government will carry out  policies, so that it will truly benefit you, ladies and gentlemen," Jokowi said.

 

The former mayor of Solo also emphasized that the government will always look for sources of increased exports for Indonesian trade so that economic growth is maintained. Especially amid the magnitude of economic slowdown and recessionary pressure

 

 

 
		
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