Government open to trade agreements to boost textile industry
The Jakarta Post
Trade Minister Enggartiasto Lukita has said that the government would support the domestic textile industry by strengthening its overseas markets through the establishment of trade agreements with other countries.
“Various efforts have been implemented to open markets for exports through the establishment of various agreements,” Enggartiasto said in opening National Textile Dialogue 2018 in Surakarta, Central Java, on Wednesday.
He said the Trade Ministry, in collaboration with Indonesian embassies and consulate generals as well as the Indonesian Trade Promotion Center, would promote local products and commodities.
In the first half of 2018, textile and textile product exports reached US$6.45 billion, a growth of 7.89 percent year-on-year (yoy) over last year’s $12.53 billion in the same period. The export value reached $12.53 billion, an increase from $11.83 billion in exports recorded in the same period in 2016.
He expressed optimism over the industry's prospects, both in the global market and domestic market.
“Textiles are major Indonesian products for export that have always provided growth. It is also good for the market domestically. We can now change the perception that we failed to compete with products from China, India, Vietnam and Bangladesh. The fact is that we have exported to China,” the minister said.
He said his ministry needed to further educate the people that the quality of domestic textile products was better than that of imported products. (bbn)
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