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Home arrow Latest News arrow Status of Indonesia Becomes Developed Countries About Textile Business Relations


				
			
			
Status of Indonesia Becomes Developed Countries About Textile Business Relations PDF Print E-mail
Written by Maizer   
Tuesday, 18 February 2020
The change in the status of Indonesia to a developed country is claimed not to affect American-Indonesian textile business relations. Previously, the United States Trade Representative (USTR) tightened the criteria of developing countries that were entitled to the de minimis and negligible import volumes exemption for the imposition of antisubsidized or countervailing duty (CVD) tariffs, on February 10, 2020.

 

Based on this decision, Indonesia is no longer included in the list of developing countries. It is feared that the change in status will make Indonesia lose the Generalize System of Preference (GSP) facility or relief of import duties on US goods. In fact, Indonesia and the US have a lot of export-import relations of cotton fiber with textile products.

 

Cotton Council International (CCI) as a non-profit trade association that promotes US cotton fibers and international manufacturing cotton products under the Cotton USA brand says Indonesian textile businesses need not worry about that.

 

Indonesian Cotton Council International (CCI) Representative, Dr. Anh Dung (Andy) Do estimates that the change in the status of Indonesia from developing countries to developed countries by the US will not affect the textile fields of both countries.

 

Andy also believes there will be no problems between the US cotton and textile business with Indonesia. Because the two countries have a mutually beneficial relationship. "Our President Jokowi said, the textile industry is a high priority for exports, where we get foreign exchange. And obviously, textiles use a lot of labor.

 

So it's a win win. We see that Indonesia currently has a large population and there can be export capacity for garments to the world, so there is no problem, "said Andy interrupted Textile Technology Seminar to Educate the Educators of the Indonesian Textile Industry.

 

Andy explained, the status of developed countries did make Indonesia no longer enjoy a number of facilities from the superpower. However, it will not bring much change to Indonesia. Andy rate, Indonesia and the United States have a very good relationship in the cotton and textile industries.

 

However, the current negotiations between the two countries are very crucial in the field of cotton and the textile industry which has been going very well. To note, many US cotton fibers are processed in Indonesian textile companies. Within a year, there are USD 500 million worth of Cotton USA cotton fiber imported by Indonesian companies. The textile company then produces international branded products. These products are also exported to various countries, including Europe and the United States.

 

"The key is that Indonesians are diligent in their work, their knowledge is there, every few years it must improve, and Indonesia's status becomes a developed country. What does that mean? We are already a bit rich, because America no longer wants to give privileges, right? Maybe we can negotiate for it, in the form of Other assistance, where there are three levels, we are medium, not only two categories but three, this is in my personal opinion, "said Andy.

 

 
		
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