Related Keywords: consumption for polyester, downstream textile companies, growing population, higher production cost, impose temporary safeguar duty, Indonesian Synthetic Fiber Association, Indonesian yarn manufacturers, Indonesia’s local ya, on imported yarn products, petitioning government, struggling to compete with cheaper imported yarn, weak global demand
Indonesia’s local yarn manufacturers to protect the country’s domestic industry whose products, particularly polyester is struggling to compete with cheaper imported yarns due to higher production costs. Led by the Indonesian Synthetic Fiber Association (ISFA), yarn manufacturers are petitioning their government to impose a temporary safeguard duty on imported yarn products.
