Home / Knowledge / News / Apparel/Garments / Chinese prepare for quiet assault on Indonesian markets
Chinese prepare for quiet assault on Indonesian markets
04
Dec '09
The New Year will herald the beginning of the free trade agreement that the ASEAN countries, which also includes Indonesia have signed with China, which entails China to export a host of goods duty free to these countries, which also includes textiles and clothing.

As it is, the Indonesian domestic markets have already been swamped by imported textiles and apparels and if experts are not proven wrong, the share of textile and garment imports in the domestic markets could touch around 50 percent by the end of this year, even before the FTA comes in to effect.

January 1, will bring in another wave of assault from the Chinese, who are the powerhouse and market leaders in the global textile and clothing trade and according to industry sources, the Chinese have quietly started planning for the d-day.

It seems they are signing agreements with traders and distributors in the main major textile markets in Jakarta and Surabaya and also trying to convince an entire floor of dealers in the Tanah Abang market in Central Jakarta in to selling only Chinese goods.

The textile industry had opposed the opening of the Indonesian markets on January 1, 2010 and requested the government to extend the deadline by two more years, to give enough time for the industry to improve their competitiveness.

Indonesia is already facing a negative balance of payments with respect to the bi-lateral trade in the textiles and garment sector with China and experts aver that, this FTA will further widen the negative balance of payments in favour of China.

It is also expected that the share of the local textile sector in the domestic markets will fall further, once the markets are opened up and will add to the distress and stress the industry is facing, with exports also witnessing a slowdown, since the last one year.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Veronique Lee
Modavanti

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

July 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

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

Yes No

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

Yes No

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


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



X