The Indonesian industry believes that joining the TPP will benefit the textile industry
According to Indonesia’s “Jakarta Post” report on February 23, Sutrisno, Chairman of the Advisory Committee of the Indonesian Textile Association, recently stated at a press conference in Jakarta that President Joko expressed his intention to join the Trans-Pacific Partnership during his visit to the United States. Indonesia is currently studying the terms of the agreement. The textile industry is considered to be the industry that benefits the most from joining the TPP. The government should urge the industry to make relevant preparations in all aspects. Sutrisno pointed out that the “starting from yarn” rules of origin in the TPP provisions are worthy of attention. This provision stipulates that the raw materials used in textile and clothing must come from member countries before zero tariffs can be implemented. According to statistics from the Indonesian Ministry of Industry, Indonesia imported US$8.6 billion in textiles such as spinning yarn, fiber, and cloth in 2014, most of which came from China, which is not a member of the TPP. Vietnam, which has become a member of the TPP, is also facing the same situation. Adi, chairman of the Indonesian Textile Association, believes that there is no doubt that joining the TPP will benefit the textile industry, but the government should provide comprehensive support to the textile industry. It is reported that between 2005 and 2014, Indonesia’s textile exports increased from US$8.6 billion to US$12.7 billion, and Vietnam’s textile exports increased from US$5.3 billion in 2011 to US$26.2 billion in 2014. The Indonesian industry believes that joining the TPP will benefit the textile industry
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
