Home / Knowledge / News / Textiles / Govt to help industries cope with ASEAN-China FTA
Govt to help industries cope with ASEAN-China FTA
09
Apr '10
To help local industries, including textiles and footwear manufacturers that feel threatened from an ASEAN-China trade pact, the government has formed a committee, said Indonesian Trade Minister, Mari Pangestu.

Although, some Indonesian industry owners have brought on foyer, certain issues with respect to the entry of cheaper China-made goods, Pangestu assures that, these issues will not delay the agreement's implementation.

While attending the Association of Southeast Asian Nations (ASEAN) summit and other related meetings in Hanoi, Pangestu said, “Implementation of the ASEAN-China Free Trade Agreement (FTA) shall definitely sea the light of a new dawn.”

Industries such as textile and footwear manufacturers wanted government support, to cope with increasing competition. Therefore, assistance in terms of purchasing new machinery and the like will be given to them under this pact, said Pangestu.

With a market of 1.7 billion consumers, the ASEAN-China Free Trade area is the world's largest area by population. It is also a key area for ASEAN countries' efforts to establish their mark as a major trade bloc.

However, some Indonesian industry groups have protested that, they will not be able to compete with cheap Chinese imports and thus, have suggested delay in the elimination of protective tariffs on 228 product lines till 2012.

In order to continue, the agreement's implementation, Pangestu suggested internal co-ordination, to address issues faced by these sectors.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Veronique Lee
Modavanti

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

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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 2017

January 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