News Tags

Related Keywords: bilateral and multilateral levels, clothing retailer, increase garment exports, increase trade relation, Indonesian trade, Mitsubishi, Rachmat Gobel, South Africa, trade agreements, Uniqlo, Vietnam, WEF Jakarta 2015

Indonesia’s trade minister, Rachmat Gobel is seeking to increase trade relations with countries and businesses worldwide. At During the first day of the 24th World Economic Forum on East Asia on Sunday he met with several top executives and high-level government leaders.

Related Keywords: central government, Chemical and petrochemical manufacturers, continue anti dumping duty, foreign competition, home synthetic textile industry, Mitsubishi, PTA users, Purified terephthalic acid, Reliance

Chemical and petrochemical manufacturers have urged the central government to specifically continue with the anti-dumping duty (ADD) on purified terephthalic acid (PTA), as per Business Standard to protect the home synthetic textile industry from foreign competition.

PTA, a raw material for polyester production, currently attracts ADD of US$23.75-117/ton on its import from China, Korea, Thailand and the European Union.