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Related Keywords: 90 percent produced domestically, Airlangga Hartarto, exports, facilitate logistical access, improve competitiveness, increase of added value, Indonesian government, meet domestic market, Minister of Industry, national textile and textile industry, productivity, strengthen local branding, textile industry already integrated, TPT

Indonesian government to improve competitiveness and productivity in the national textile and textile industry (TPT) is working to facilitate logistical access and strengthen local branding. Minister of Industry, Airlangga Hartarto said that currently, their textile industry is already integrated, 90 percent already produced domestically. Therefore, the increase of added value in Indonesia is also important to meet the domestic market, in addition to exports.

Related Keywords: already have a bilateral agreement, boost volume of textile exports, encourages private sector, forum established, import duty on Indonesian textiles, Indonesian government, Industry Minister Airlangga Hartarto, seeking bilateral agreement, the US imposes twelve point five percent, with United States, zero percent for Vietnamese textiles

The Indonesian government is seeking a bilateral agreement with the United States to boost its volume of textile exports. As currently, the US imposes a 12.5 percent import duty for their textiles, while it imposes zero percent for Vietnamese textiles because they already have a bilateral agreement, said Industry Minister Airlangga Hartarto in Jakarta on Thursday.

Recently, a commercial dialogue--a forum has also been established that encourages the private sector to explore investment and trade opportunities in both countries.

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.

Related Keywords: 0Indonesian Industry Minister, Airlangga Hartarto, announced Chinese investor Jiangsu Dongqun Investment Holding Group Co., cooperate with local partners, development of textile industry, expressed intent to invest USD hundred million, Indonesian government, launched economic deregulation policies, Ltd, mulling over lowering, textile products

Indonesian Industry Minister Airlangga Hartarto in a press release in Jakarta, Tuesday, September 6, 2016 announced that Chinese investor Jiangsu Dongqun Investment Holding Group Co., Ltd has expressed its intent to invest US$100 million in the development of textile industry and textile products (TPT).

They certainly welcome Jiangsu Dongqun Investment Holding Group Co., Ltd’s intention to invest in Indonesia and has also offered some investment options for the company, such as Kendal Industrial Park, Central Java, boasting its vast area and skilled workforce.

Related Keywords: gas price reductions, improve competitiveness, income tax incentives, Indonesia-Japan economic partnership, Indonesian government, Indonesian Textile Association, industrial activities get electricity price cut, interpret stipulation differently, introduced third stimulus package, PLN, state electricity company, Textile Industry

The Indonesian government has introduced a third stimulus package stipulates that industrial activities get electricity price cuts from 11 p.m. to 8 a.m. However, the textile industry and the state electricity company PLN, which supplies the power, interpret the stipulation differently.

Based on PLN’s understanding, the price cut will only be given to companies consuming more than they usually do every day. The textile industry, meanwhile, says the price cut should be given to industrial activities during the specified timeframe regardless of the amount of their power consumption.

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: batik market, disburse fund, first phase of reconstruction, Indonesian government, Klewer market, largest textile products, reconstruction, state budget

Klewer, the largest textile products and batik market in Solo Indonesia which caught fire on December 27, 2014, its overall reconstruction is estimated to cost to the tune of Rp159 billion.

The Indonesian government has so far disbursed Rp61.8 billion in funds taken from the revised 2015 state budget to revitalize the market after it caught fire on December 27 last year. It will disburse another Rp97.2 billion in funds through the 2016 state budget to complete the construction of Klewer market.

Related Keywords: finished goods, Free trade agreement, Haris Munandar, ideal tariff system, import duties, Indonesian government, Industry Ministry’s director of Industry Climate and Quality Policy Research Center, Textile

The Indonesian government to regularize its tariffs is evaluate the possibility of raising import duties on a wide range of finished goods. According to Industry Ministry’s director of Industry Climate and Quality Policy Research Center Haris Munandar, the potential hike will cover 741 out of over 10,000 existing tariff codes in the current customs system, cover textiles.

The step will support their goal to reach an ideal tariff system where [imported] finished products are charged with higher duties compared to raw materials or intermediate goods.