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Related Keywords: boost competitiveness, forest pulp, garment sector, giant company has potential, Indonesian manufacturers, Industry Minister Airlangga Hartarto, invited company to pour more money, meeting with Japan based Mitsubishi, new basic material for textile, partnerships with local industries, productivity, rayon fiber, revitalizing textile industry

During Industry Minister Airlangga Hartarto meeting with Japan based Mitsubishi Corporation’s executives in Tokyo on Wednesday, invited the company to pour in more money in the garment sector and seek more partnerships with local industries as the giant company has the potential to boost competitiveness and productivity among Indonesia’s manufacturers as the country was revitalizing its textile industry by boosting the production capacity of rayon fiber.

Rayon has become the new basic material for textiles and Indonesia will produce rayon fiber from forest pulp in large quantities.

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: compete well globally, first two months of this year, Indonesian textile and textile products, Industry Minister Airlangga Hartarto, industry needs revitalization, machines need replacement, three percent higher than in the same period last year, TPT exports, TPT industry integrated from upstream to downstream sectors, valued at USD two billion

Indonesian textile and textile products (TPT) exports in the first two months of this year were valued at US$2 billion or 3 percent higher than in the same period last year as the TPT industry has been integrated from upstream to downstream sectors as a result they could compete well globally, said Industry Minister Airlangga Hartarto.