INDONESIA FACES TOUGH REGIONAL COMPETITION, BUT INDUSTRY IS OPTIMISTIC ABOUT FUTURE SUCCESS
February 1st, 2016
Free trade agreements with the United States and Europe are essential if the Indonesian textile market is to flourish and compete with strong regional rivals, according to analysts and sector leaders.
The Indonesian government has said it wants to sign the Trans-Pacific Partnership (TPP) agreement agreed by 12 Pacific Rim countries last October (2015). Meanwhile it is expected to launch enhanced negotiations with the European Union (EU) for an agreement that would see textile tariffs cut on a range of goods, boost exports and raise productivity.
"I think the ...
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