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APSyFI hopeful of imposition of antidumping duty on yarns
09
Aug '14
Positive comments from various Indonesian Ministers on the need to reduce dependence on imports have raised hopes in the Indonesian Synthetic Fiber Producers Association (APSyFI), that its proposal to impose anti-dumping duty on various types of yarn might be heeded by the government.

APSyFI has recommended imposition of anti-dumping duty on three types of filament yarn, which is expected to reduce imports, so that the country can maintain the balance of trade, especially in the manufacturing sector.

In early July, the Minister of Trade, Muhammad Lutfi had said that he had noted the growth in imports of a few raw materials. “We have now to work out as to how import of raw materials can be substituted with local products," Lutfi had said.

In July-end, towards the end of a dialogue with a trade body - West Java Textile, Garment and Footwear Industry, the Minister of Industry - MS Hidayat had said that at present nearly 50% of the capital goods and raw materials in the country are imported.

He added, “Ideally needs must be met domestically, so my focus is to strengthen the integration of the textile industry, until they reduce imports.”

In a press release, APSyFI said, a section of media in Indonesia too had reported that Ministers under the coordination of the Ministry of Economy are conducting various efforts to address the trade deficit, which has surged in recent years from import of various raw materials and which has the potential to hit local industry.

The press release goes on to say that the Minister of Industry has also promised to strengthen the upstream of the textile industry to support the development on the downstream sector.

MS Hidayat was quoted as saying, “The upstream and downstream textile sector should be integrated. We cannot just focus on downstream, upstream of textiles industry must also be strengthened".

APSyFI said that the Minister's statement signaled his support for the imposition of antidumping on filament yarn that is currently being investigated by the Indonesian Anti Dumping Committee (KADI).

Secretary General of APSyFI, Redma Gita Wirawasta said, “Imposition of anti-dumping duty is necessary to create fair competition in domestic market. Some companies who have been importing at very low prices are going to protest.

“However, the intervention of the government is needed to stop the fraudulent trade practices that have been going on", Redma said.

In July, fibre2fashion reported that the Chairman of Indonesian Textile Association (API), Ade Sudrajat Usman had said that the imposition of anti-dumping duty on several types of yarns would result in an increase in production costs.

Fibre2fashion News Desk - India


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