Home / Knowledge / News / Textiles / We will address FTA concerns to ASEAN – Minister
We will address FTA concerns to ASEAN – Minister
11
Jan '10
Mr Marty Natalegawa
Mr Marty Natalegawa
After delivering the annual foreign policy statement, Indonesian Foreign Minister, Marty Natalegawa said, “Indonesia remains fully committed to its free trade agreement with China under ASEAN but will also seek ways to address the domestic industry's fears voiced that their business will be hurt by the inflow of Chinese products.”

Meanwhile, the Indonesian government submitted a proposal to the ASEAN Economic Community Council last week, to delay tariff reduction on 228 items under the free trade agreement between the Southeast Asia regional grouping and China.

The ASEAN-China which became effective from January 1, 2010 entails zero tariffs on 6,682 tariff lines in 17 sectors, including 12 in manufacturing, and five in agriculture, mining and maritime sectors.

Meanwhile, Speaking on the occasion, Marty Natalegawa said, "We will respect the commitment we have reached with any country and since every agreement has its own executing mechanism, we will see how to address the concern of each member and I am not saying for certain that it will mean a renegotiation, but we will definitely address our concerns to our partners."

Addressing her concerns, the Chairwoman of the Indonesian Garment and Textile Producers Association (APGI), Poppy Dharsono said, China had been able to trim prices of its textile goods by up to 56 percent, due to excellent infrastructure.”

While another expert bemoaned the fact that Indonesia had time to improve its infrastructure facilities from the time the negotiations for the FTA agreement began in 2005, but the drive to up-grade infrastructure never took off, due to the lack of will and foresight of the government.

Last week the Chinese Ambassador to Indonesia Zhang Qiyue made it very clear that renegotiation was unlikely because the tariff reduction arrangement proceeded step by step, from as early as 2005, with a full implementation of zero tariffs commencing from January 1, 2010.

Fibre2fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Hardik Sanghvi

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh Patel
Sidwin Fabric

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

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

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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