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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 Invaded by Chinese Textiles, There Are Issuer Laying Textile Employees


				
			
			
Invaded by Chinese Textiles, There Are Issuer Laying Textile Employees PDF Print E-mail
Written by Maizer   
Tuesday, 12 November 2019

The Textile and Textile Products (TPT) Industry is facing various obstacles that have eroded the company's market share.

 

In a report released by Standard & Poors (S&P) on July 16, 2019, it was written that the trade war was one of the factors causing difficulties experienced by the Indonesian textile industry because it resulted in a decrease in export demand

 

Then, the Indonesian Chamber of Commerce and Industry (Kadin) conveyed the policy of safeguarding trade tariffs from flooding of imported products or safeguards which were still weak also became an obstacle for TPT industry players.

 

Recently the Directorate of Customs and Excise of the Ministry of Finance conducted 311 repression of imported used clothing vessels from January to September.

 

This used clothing is transported into the port by a small wooden ship 100-200 GT. One ship generally carries 1000 pieces of clothes and pants.

 

During January-September 2019, Customs and Excise secures ball press (sacks of used clothing) with a total value of Rp 42.1 billion. In 2018, they carried out 349 enforcement actions with a value of Rp 48.96 billion.

 

With this condition, it is only natural that during the first half of this year as many as 50% of 18 textile and garment listed companies listed on the exchange recorded a decline in income. In fact, there are two listed companies that have lost money, namely PT Argo Pantes Tbk (ARGO) and PT Asia Pacific Tbk (POLY).

 

Previously, Deputy Secretary of the West Java Indonesian Textile Association (API) Rizal Tanzil said the obstacles faced by the TPT industry were pressing the company's finances, even leading to termination of employment.

 

"The condition of our textiles is having a hard time, imports are high, production is down, can't sell goods, finance is difficult, the impact is employees are laid off, some are even laid off. If there is no handling, all is just waiting for time," he said

 

 
		
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