INDONESIA: Textile makers eye exports rise from EPA with Japan
Indonesia's textile makers hope to reap a significant jump in exports to Japan as a result of an Economic Partnership Agreement (EPA) expected to be signed next year.
"We hope to see a 4 percentage point increase to 10% (following the signing of the deal)," Ernovian G Ismy, secretary of the Indonesian Textile Association, was reported by Antara as saying.
Indonesia's textile and garment exports to Japan totalled US$516m last year, representing 6% of its total export value.
Indonesia's Trade Minister Mari Elka Pangestu was reported as saying Japan will slash import duties on 90% of Indonesia's manufactured and farm commodities under the EPA.
Japan is Indonesia's third-biggest textile and textile goods export market at present.
An interactive databank with intelligence on the major apparel sourcing countries
Indonesia’s textile and clothing industry hopes to be one of the main beneficiaries of an Economic Partnership Agreement currently being negotiated with Japan. As Baari La Inggi reports, market expans...
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