Related Keywords: improve competitiveness, Indonesia apparel and clothing accessories, Indonesian government, industrialization effort, labour intensive industry, local businesses, no import tariff, planning to ease import procedures, regional competitors like Vietnam, TPT industry, TPT raw material
The Indonesian Government is planning to ease import procedures to improve the competitiveness of local businesses with regional competitors like Vietnam, which has no import tariff, as opposed to Indonesia’s fees of 5-20 percent.
President Joko “Jokowi” Widodo instructed the relevant ministries for the same in a limited Cabinet meeting. He said that the import procedures must be simplified for Textile and textile product (TPT) raw materials to lift the burden off businesses
Jokowi said the TPT industry was in need of immediate revitalization to push further industrialization.
