Home / Knowledge / News / Textiles / Govt assures support to industry over FTA impact
Govt assures support to industry over FTA impact
22
Dec '09
Despite opposition from the domestic textile and clothing industry which also put up a proposal to delay the implementation date of the ASEAN- China FTA China, the government went ahead and signed the agreement, which brings it into effect from January 1, 2010.

But the Indonesian Industry Minister, Mr Hidayat assured the industry that new regulations would be implemented within a few months in order to protect the interests of the domestic producers in what is expected to be an invasion of Chinese products from January.

He said that, what is more important is for the government to prevent smuggling and to implement non-tariff measures such as safeguards and anti-dumping. Chinese products have long dominated local markets mainly due to their cost-competitiveness.

There are 314 tariff posts from eight sectors regulated under the FTA. The eight sectors include steel, textiles and textile products, electronics, footwear, furniture, organic chemicals, petrochemicals, foods and beverages.

A representative of a trade body said that, there will be new regulations, tightening of existing regulations; non-tariff measures, safeguards and other trade barriers and these regulations would be in place within the next six months.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

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

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search