News Tags

Related Keywords: API, competition on the domestic market, continue to lose foothold, control seventy percent of domestic textile market, estimated to reach USD ten billion a year, finished wear, imported products, Indonesian domestic textile products, Indonesian Textile Association, leaving only thirty percent of the market for domestic products

Indonesian domestic textile products have continued to lose their foothold in competition on the domestic market over the past five years as imported products control 70 percent of the country’s domestic textile market, which is estimated to reach US$10 billion a year leaving only 30 percent of the market for domestic products, said the Indonesian Textile Association ( API) chairman Ade Sudrajat on Wednesday.

Related Keywords: API, better trade relations with Middle East countries, Central Java textile products, demand trend, enhance their export to the region, from the Middle East countries, Indonesian Textile Association, keen to expand export market, sees good demand for their textile products, Textile producers in Central Java, to the Middle East

Textile producers in Central Java sees good demand for their textile products from the Middle East countries and hence they are keen to expand their export market to the Middle East, stated the Indonesian Textile Association (API) in Central Java.

Chairman of API Central Java Agung Wahono said that they already have a good demand for their exports from the Middle East countries. However, so far, they have yet to become the main export market for the Central Java textile products.

Related Keywords: API, Directorate General of Customs and Excise, flood with cheap imported textile products, hitting market with losses, illegal smuggling of used clothes, Indonesia domestic market, Indonesian Textile Association, new policy to support industry, regulate imports

Indonesia domestic market continue to flood with cheap imported textile products hitting the market with losses. The Indonesian Textile Association (API) chairman Ade Sudrajat has urged the government to regulate imports to protect the domestic market from imported textile products and also the illegal smuggling of used clothes.

Related Keywords: API, exports to grow only one percent, Indonesian textile and textile products industry remains under pressure, Indonesian Textile Association, key industry within Southeast Asia, labor intensive, one of the oldest industries in Indonesia, ten largest textile producers, Textile Industry, trouble to compete with imports of cheap textile

The textile industry, one of the oldest industries in Indonesia, is a key industry within Southeast Asia's largest economy as it - being labor intensive - creates employment opportunities for millions of Indonesians. Although, by far, China is the world's top textile producer and exporter, Indonesia cannot be labelled a small player being ranked among the world's top ten largest textile producers.

Related Keywords: API, during the slowdown of global eonomy, falling to compete with Vietnam, FTA, hit a low, hope for better future, IMF, Indonesian textile industry, many textile firms bankrupt, production costs spiral, sales dwindle, TPP

Indonesian textile industry is one of the many sectors that have hit a low during the slowdown of the global economy. As Indonesia is failing to compete with Vietnam, many textile firms in Indonesia are becoming bankrupt as production costs spiral and sales dwindle. But the industry still has hope for a better future.

Vietnam outshines Indonesia in this sector as they has already joined the Trans-Pacific Partnership (TPP) and completed negotiations for a free trade agreement (FTA) with the European Union. Indonesia, meanwhile, will not be joining the TTP for another two years.

Related Keywords: all stage of manufacturing process, API, before joining TPP, boost industry readiness, downstream, Indonesian Textile Assoication, local textile industry, made using materials, more benefits than harm, sourced from member countries, structure upstream, TPP cut tariffs only for garment products, US led TPP, watch out yarn forward clause

The Indonesian Textile Association’s (API) advisory board chairman, Benny Soetrisno while speaking at the recent press conference said that the US-led TPP is likely bring more benefits than harm to the local textile industry, but there’s one thing that need to watch out when joining the Trans-Pacific Partnership [TPP], that’s the yarn-forward clause. Hence, the country has to boost the industry’s readiness at all stages of the manufacturing process.

Related Keywords: API, discuss preparation for joining the TPP, held meeting with stakeholders, Indonesian government, ISDS, need fine tuning, textile and textile products, TPP standard, vastly improve competitiveness of industrial sector

Indonesian government had held a meeting with all stakeholders to discuss their preparation for joining the Trans-Pacific Partnership (TPP) at the Centre for Strategic and International studies (CSIS) in Jakarta on Wednesday, as Indonesia has to vastly improve the competitiveness of industrial sectors.

Related Keywords: API, close businesses, economic slowdown, facing rising production cost, forced to dismiss workers, help industry survive, Indonesian Textile Association, Indonesian textile producers, local textile industry, pressing purchasing power, raw material imported, weak sales

With an economic slowdown pressing people’s purchasing power, Indonesian textile producers are facing weak sales and rising production costs. They have urged the government to take swift action to help the industry survive as number of companies due to flat growth are already forced to dismiss workers and may be even forced to close their businesses.

Related Keywords: API, electricity price, Indonesian textile and garment industry, Indonesian Textile Association, investment from foreign investors, labor cost, potential trade agreement, rising challenges

Indonesian textile and garment industry regardless of rising challenges by way of new electricity prices and increase in labor costs expects to receive investment of around Rp 3 trillion (US$230.15 million) this year. According to Indonesian Textile Association (API) chairman Ade Sudrajat, sizeable portion of Rp 1 trillion will derive from a local firm, while the majority will come from foreign investors, particularly from China, South Korea and Taiwan.