Home / Knowledge / News / Apparel/Garments / Bangladesh garments may get duty-free access to Indonesia
Bangladesh garments may get duty-free access to Indonesia
19
Apr '13
Readymade garments manufactured in Bangladesh may get duty-free access to Indonesian market, as the Southeast Asian country is preparing to consider extending a Duty-Free, Quota-Free (DFQF) facility to nations that are counted among the Least Developed Countries (LDCs) and are members of the World Trade Organization (WTO).
 
The present list of LDCs includes 33 countries from Africa, Haiti from the Americas, and 14 countries from the Asia-Pacific region, including apparel exporting countries of Bangladesh, Cambodia and Myanmar.
 
Cambodia and Myanmar would form part of Asean Economic Community (AEC), scheduled to come into effect in 2015, and hence, they would not get any additional benefit if Indonesia decides to give DFQF access to LDCs. But, Bangladesh being a leading clothing manufacturer and exporter, and a LDC country, would benefit from the decision, once it is implemented.
 
Indonesia’s Minister of Trade, Gita Wirjawan, has said that Indonesia is prepared to consider extending a DFQF treatment to LDCs, as part of the agreement of the 2001 Doha Ministerial Declaration.
 
“As an ‘emerging economy’, Indonesia certainly would like to see LDCs play a more important role in international trade so that they may step out of the cycle of poverty and political-security crisis,” the Minister said in a statement.
 
“In accordance to the 2001 Doha Ministerial Conference and emphasized by the 2005 Hong Kong Ministerial Conference, and in line with the spirit of the G20, we are considering extending DFQF market access in a scope that is still to be discussed together with related ministries with our national interest in mind,” the Minister added.
 
According to the Minister, several commodities that Indonesia imports from LDCs either because they are not produced in the country or because the national production is insufficient to meet the domestic demand would be certainly taken into consideration for DFQF package.
 
The Minister said the DFQF facility to LDCs is being considered in the context of the preparation heading towards the 9th WTO Ministerial Conference to be held in Bali in December 2013. “Indonesia’s readiness to consider extending DFQF market access is expected to strengthen the momentum of the success of the WTO Ministerial Conference in Bali,” Mr. Wirjawan said.
 
In 12 months ending June, 2012, Indonesia imported goods worth US$ 25.24 million from Bangladesh, which included apparels, especially knitwear and specialized textiles.
 

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search