-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels and Food
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
Focus
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food and Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
Indonesia to tighten textile import rules
    2019-10-14  08:53    Shenzhen Daily

INDONESIA’S Trade Ministry will tighten restrictions on textile imports in an effort to protect local industries, an official told reporters Friday.

The ministry will require all textile importers to gain approval from the government before they can ship in textile goods, Foreign Trade Director-General Indrasari Wisnu Wardhana said.

The revision to regulations is targeted to be issued before President Joko Widodo, who takes office for the second term Oct. 20, appoints new Cabinet ministers, he said.

The restriction is aimed at protecting local producers of products such as certain types of yarns, fabrics and other goods.

“So products that have been produced domestically, should no longer be imported,” Wardhana said.

Ade Sudrajat, chairman of Indonesia’s Textile Association (API), said the domestic textile industry has weakened in the past three years due to an influx of imported textiles, combined with sluggish consumption by Indonesian consumers.

Imports of textile fabrics rose by 74 percent between 2016 and 2018, the trade ministry said citing data from the statistics agency. Indonesia imported 413,813 tons of fabrics in 2018, it said.

Imports of other textile products, such as some types of synthetic yarns doubled in three years to 2018, the ministry said.

Indonesia bought such products from China, South Korea, Thailand and Vietnam, among others, the ministry said.

A company belonging to Indonesia’s Duniatex group last month missed a coupon payment on its US$300 million bonds as it faces a cash shortage resulting from tough competition with imported products.

Indonesia in 2018 exported US$13.2 billion worth of textile goods. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn