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'We can double textile exports due to EPA'- DG, Ministry of Industry
24
Feb '09
The textile sector of Indonesia can double its export turnover to Japan, thanks to the Indonesia-Japan Economic Partnership Agreement (EPA), so said, Mr Ansari Bukhari, Director General for Textiles, Metal and Machinery in the Ministry of Industry, Indonesia.

Mr Bukhari said this while addressing a seminar on the Indonesia-Japan EPA. He added by saying that textile exports from Indonesia which stood at around US $650 million in 2008, could reach $1-1.5 billion by the end of 2010.

The Chairman of the Indonesia Textile Association, Mr Benny Soetrisno said that with the EPA in place, it will be easier for the Indonesian textile sector to grab a bigger share of the Japanese market, which is now dominated by exports from China.

Mr Benny also hoped that the Japanese government would help the Indonesian Textile industry, to access low cost funds in order to purchase textile and related machinery from Japanese manufacturers. Textile machinery exports from Japan have dropped 25 percent in 2008.

The Minister of Industries, Mr Fahmi said that exports from the sector would definitely decline in 2009, but hoped that the fall would be only in volumes and value should reach at least $8 billion. Exports from the sector moved to $10.8 billion in 2008 from $10.3 billion in 2007.

He also added by saying that, Japan was the third biggest importer from the Indonesian textile industry after US and the EU, and since Japan was a four seasons country, shipments of clothing would not be affected to a great extent, as much as may be in the US and the EU.

He advised the exporters to improve their market research activities in the Japanese markets in order to increase their share and to fulfill the expectations of the Japanese consumers who have high quality and design standards and whose tastes keep changing constantly.

Fibre2fashion News Desk - India


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